GE Vernova (NYSE:GEV) Now Covered by Bank of America

Bank of America began coverage on shares of GE Vernova (NYSE:GEV) in a report released on Wednesday, Marketbeat reports. The brokerage issued a neutral rating and a $150.00 price target on the stock.

A number of other research analysts also recently commented on the stock. BNP Paribas began coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an outperform rating and a $177.00 price target for the company. Raymond James assumed coverage on GE Vernova in a report on Wednesday, April 17th. They set an outperform rating and a $160.00 price objective for the company. Melius began coverage on shares of GE Vernova in a research note on Monday, April 22nd. They set a hold rating and a $147.00 price target for the company. JPMorgan Chase & Co. upgraded GE Vernova from a neutral rating to an overweight rating and set a $141.00 price target on the stock in a research note on Monday, April 8th. Finally, Royal Bank of Canada restated an outperform rating and set a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $157.44.

GE Vernova Stock Up 3.2 %

Shares of GE Vernova stock opened at $153.07 on Wednesday. GE Vernova has a one year low of $115.00 and a one year high of $157.25.

GE Vernova (NYSE:GEV) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.56 billion.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System purchased a new position in shares of GE Vernova during the 1st quarter worth $2,892,000. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova during the first quarter valued at about $1,720,000. Valeo Financial Advisors LLC acquired a new stake in GE Vernova in the 1st quarter valued at approximately $673,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of GE Vernova during the first quarter worth $478,000.

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.