Mizuho Begins Coverage on GE Vernova (NYSE:GEV)

Mizuho started coverage on shares of GE Vernova (NYSE:GEV) in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $154.00 target price on the stock.

A number of other research firms also recently issued reports on GEV. JPMorgan Chase & Co. upgraded shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 price objective for the company in a report on Monday, April 8th. Royal Bank of Canada restated an outperform rating and set a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, GE Vernova has a consensus rating of Buy and an average price target of $157.67.

GE Vernova Price Performance

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

Hedge Funds Weigh In On GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.