GE Vernova (NYSE:GEV) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of GE Vernova (NYSE:GEV) in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $154.00 price objective on the stock.

GEV has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded 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. Royal Bank of Canada reiterated an outperform rating and set a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. Finally, Mizuho assumed coverage on shares of GE Vernova in a research note on Monday, April 15th. They set a buy rating and a $154.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus price target of $160.00.

GE Vernova Price Performance

Shares of GEV opened at $135.10 on Tuesday. GE Vernova has a 1-year low of $115.00 and a 1-year 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 position in GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.