Raymond James initiated coverage on shares of GE Vernova (NYSE:GEV – Free Report) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $160.00 price objective on the stock.
GEV has been the topic of several other reports. Royal Bank of Canada reiterated an outperform rating and issued a $160.00 price target on shares of GE Vernova in a research report on Friday, April 12th. The Goldman Sachs Group assumed coverage on shares of GE Vernova in a research report on Tuesday. They issued a buy rating and a $154.00 price target on the stock. Mizuho assumed coverage on shares of GE Vernova in a research report on Monday, April 15th. They issued a buy rating and a $154.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 price target on the stock in a research report on Monday, April 8th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $160.00.
Read Our Latest Stock Analysis on GE Vernova
GE Vernova Stock Performance
Institutional Trading of GE Vernova
An institutional investor recently bought a new position in GE Vernova stock. Maryland State Retirement & Pension System bought a new stake in GE Vernova Inc. (NYSE:GEV – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,256 shares of the company’s stock, valued at approximately $2,892,000.
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.
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