GE Vernova (NYSE:GEV) Now Covered by Analysts at BNP Paribas

BNP Paribas initiated coverage on shares of GE Vernova (NYSE:GEV) in a report published on Wednesday, MarketBeat reports. The firm issued an outperform rating and a $177.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reiterated an outperform rating and set a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Mizuho started coverage on shares of GE Vernova in a report on Monday. They set a buy rating and a $154.00 price target on the stock. Raymond James started coverage on shares of GE Vernova in a research note on Wednesday. They set an outperform rating and a $160.00 target price for the company. JPMorgan Chase & Co. raised shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Finally, The Goldman Sachs Group started coverage on shares of GE Vernova in a research note on Tuesday. They set a buy rating and a $154.00 target price for the company. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of Buy and an average price target of $157.67.

GE Vernova Price Performance

Shares of NYSE:GEV opened at $134.70 on Wednesday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $152.48.

Institutional Investors Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in GE Vernova Inc. (NYSE:GEV) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

About GE Vernova

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.