GE Vernova (NYSE:GEV) Research Coverage Started at Guggenheim

Guggenheim assumed coverage on shares of GE Vernova (NYSE:GEV - Free Report) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $300.00 price target on the stock.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada raised their target price on GE Vernova from $192.00 to $246.00 and gave the company an outperform rating in a research note on Tuesday, September 17th. Barclays started coverage on shares of GE Vernova in a report on Monday, September 16th. They set an overweight rating and a $250.00 target price on the stock. HSBC initiated coverage on shares of GE Vernova in a research report on Monday, August 12th. They issued a buy rating and a $215.00 target price on the stock. BMO Capital Markets started coverage on shares of GE Vernova in a research report on Friday, September 13th. They set an outperform rating and a $245.00 price target for the company. Finally, Argus assumed coverage on shares of GE Vernova in a report on Thursday, June 13th. They issued a buy rating and a $190.00 price objective on the stock. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $223.66.

GE Vernova Trading Up 1.6 %

NYSE GEV traded up $3.95 during trading on Tuesday, hitting $255.48. The company had a trading volume of 3,801,179 shares, compared to its average volume of 3,807,912. The stock has a fifty day simple moving average of $191.02. GE Vernova has a one year low of $115.00 and a one year high of $257.50.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings results 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 company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. On average, sell-side analysts predict that GE Vernova will post 3.02 earnings per share for the current year.

Institutional Trading of GE Vernova

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new stake in shares of GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new stake in GE Vernova during the second quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in shares of GE Vernova in the second quarter worth about $26,000. Finally, Gradient Investments LLC purchased a new position in shares of GE Vernova during the 2nd quarter valued at about $27,000.

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.