GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at Bank of America

Equities research analysts at Bank of America started coverage on shares of GE Vernova (NYSE:GEV) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $150.00 price target on the stock. Bank of America‘s target price would suggest a potential upside of 1.14% from the stock’s current price.

A number of other brokerages have also issued reports on GEV. Raymond James initiated coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an “outperform” rating and a $160.00 target price for the company. JPMorgan Chase & Co. raised 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. Evercore ISI initiated coverage on shares of GE Vernova in a research note on Thursday, April 18th. They set an “outperform” rating and a $174.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They set a “buy” rating and a $154.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.44.

GE Vernova Stock Performance

NYSE GEV opened at $148.31 on Wednesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $152.48.

Institutional Investors Weigh In On GE Vernova

Several institutional investors and hedge funds have recently modified their holdings of GEV. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of GE Vernova in the 1st quarter valued at $478,000. Valeo Financial Advisors LLC acquired a new position in GE Vernova during the 1st quarter worth $673,000. Anderson Hoagland & Co. acquired a new position in GE Vernova during the 1st quarter worth $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new position in GE Vernova during the 1st quarter worth $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.