GE Vernova (NYSE:GEV) Now Covered by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company started coverage on shares of GE Vernova (NYSE:GEV - Get Free Report) in a report issued on Thursday,Briefing.com Automated Import reports. The firm set an "overweight" rating and a $385.00 price target on the stock. Wells Fargo & Company's target price suggests a potential upside of 12.32% from the company's previous close.

GEV has been the topic of a number of other reports. Jefferies Financial Group upped their target price on GE Vernova from $293.00 to $336.00 and gave the company a "buy" rating in a research report on Friday, October 18th. HSBC restated a "hold" rating and issued a $255.00 target price (up previously from $240.00) on shares of GE Vernova in a research note on Friday, October 4th. Royal Bank of Canada upped their price objective on GE Vernova from $262.00 to $285.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI lifted their target price on GE Vernova from $300.00 to $323.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Raymond James lowered GE Vernova from an "outperform" rating to a "market perform" rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $270.02.

GE Vernova Stock Up 0.8 %

GEV opened at $342.77 on Thursday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $349.79. The company has a fifty day simple moving average of $281.39 and a 200 day simple moving average of $212.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. LRI Investments LLC acquired a new stake in GE Vernova in the 1st quarter valued at about $63,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth approximately $367,474,000. Steadfast Capital Management LP acquired a new position in GE Vernova in the first quarter worth approximately $80,235,000. Kinetic Partners Management LP acquired a new stake in shares of GE Vernova during the 1st quarter valued at $20,854,000. Finally, Yaupon Capital Management LP bought a new stake in shares of GE Vernova during the 1st quarter worth $10,256,000.

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.

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