GE Vernova (NYSE:GEV) Now Covered by Analysts at Evercore ISI

Equities research analysts at Evercore ISI assumed coverage on shares of GE Vernova (NYSE:GEV) in a report released on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $174.00 price target on the stock. Evercore ISI’s price target suggests a potential upside of 28.79% from the stock’s current price.

A number of other analysts have also issued reports on GEV. Raymond James started coverage on shares of GE Vernova in a research report on Wednesday. They set an “outperform” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective for the company in a research report on Monday, April 8th. Mizuho assumed coverage on GE Vernova in a research report on Monday, April 15th. They set a “buy” rating and a $154.00 target price on the stock. BNP Paribas initiated coverage on GE Vernova in a report on Wednesday. They issued an “outperform” rating and a $177.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $160.00.

GE Vernova Trading Down 1.5 %

GE Vernova stock opened at $135.10 on Thursday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $152.48.

Hedge Funds Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Maryland State Retirement & Pension System bought a new position in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.