GE Vernova (NYSE:GEV) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $250.00 target price on the stock.

Several other equities analysts have also commented on the stock. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They issued a neutral rating and a $178.00 price objective on the stock. Citigroup started coverage on GE Vernova in a research note on Tuesday, June 11th. They issued a neutral rating and a $183.00 price objective for the company. Jefferies Financial Group started coverage on GE Vernova in a research note on Wednesday, September 4th. They set a buy rating and a $261.00 target price on the stock. BMO Capital Markets initiated coverage on GE Vernova in a research report on Friday. They issued an outperform rating and a $245.00 target price for the company. Finally, Mizuho increased their price target on shares of GE Vernova from $186.00 to $208.00 and gave the stock an outperform rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $205.64.

GE Vernova Stock Up 1.9 %

GEV stock opened at $229.93 on Monday. GE Vernova has a 52-week low of $115.00 and a 52-week high of $231.51. The stock’s fifty day simple moving average is $183.00.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova will post 3.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several hedge funds have recently added to or reduced their stakes in GEV. Aspire Private Capital LLC purchased a new position in shares of GE Vernova in the 2nd quarter valued at $40,000. GAMMA Investing LLC acquired a new position in GE Vernova in the second quarter valued at $776,000. Sequoia Financial Advisors LLC purchased a new position in shares of GE Vernova during the second quarter worth about $2,724,000. Parsons Capital Management Inc. RI acquired a new stake in shares of GE Vernova during the second quarter worth about $275,000. Finally, Armstrong Henry H Associates Inc. purchased a new stake in shares of GE Vernova in the 2nd quarter valued at about $523,000.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.