GE Vernova (NYSE:GEV) Trading 1.4% Higher After Analyst Upgrade

GE Vernova Inc. (NYSE:GEV)’s share price was up 1.4% during trading on Thursday after Mizuho raised their price target on the stock from $154.00 to $164.00. Mizuho currently has a buy rating on the stock. GE Vernova traded as high as $154.82 and last traded at $153.73. Approximately 533,922 shares were traded during trading, a decline of 92% from the average daily volume of 6,404,181 shares. The stock had previously closed at $151.67.

GEV has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price on the stock in a report on Monday, April 8th. The Goldman Sachs Group initiated coverage on GE Vernova in a report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 target price on the stock. Bank of America initiated coverage on GE Vernova in a research note on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Melius initiated coverage on GE Vernova in a research note on Monday, April 22nd. They set a “hold” rating and a $147.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.56.

Institutional Trading of GE Vernova

Hedge funds have recently made changes to their positions in the stock. Boit C F David bought a new stake in GE Vernova during the 1st quarter valued at $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of GE Vernova in the 1st quarter worth $478,000. Valeo Financial Advisors LLC acquired a new stake in shares of GE Vernova in the first quarter valued at $673,000. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova in the first quarter valued at $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova in the first quarter valued at $2,892,000.

GE Vernova Trading Up 8.1 %

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analyst estimates of $7.56 billion. Equities analysts expect that GE Vernova Inc. will post 2.98 EPS for the current fiscal year.

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.