GE Vernova (NYSE:GEV) Stock Price Up 9.7%

GE Vernova Inc. (NYSE:GEVGet Free Report) shot up 9.7% during trading on Monday . The stock traded as high as $177.77 and last traded at $177.43. 4,294,000 shares were traded during trading, a decline of 17% from the average session volume of 5,180,571 shares. The stock had previously closed at $161.67.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GEV shares. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They issued a “buy” rating and a $154.00 price target on the stock. Melius assumed coverage on shares of GE Vernova in a research note on Monday, April 22nd. They set a “hold” rating and a $147.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on GE Vernova from $163.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Morgan Stanley assumed coverage on GE Vernova in a report on Thursday, May 23rd. They issued an “equal weight” rating and a $167.00 target price for the company. Finally, Bank of America began coverage on GE Vernova in a research note on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and an average price target of $162.90.

View Our Latest Analysis on GE Vernova

GE Vernova Price Performance

GE Vernova (NYSE:GEVGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, equities research analysts anticipate that GE Vernova Inc. will post 3.01 EPS for the current year.

Institutional Investors Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Kozak & Associates Inc. bought a new position in shares of GE Vernova during the 1st quarter worth about $115,000. Yaupon Capital Management LP bought a new position in GE Vernova in the first quarter worth approximately $10,256,000. Price T Rowe Associates Inc. MD acquired a new stake in GE Vernova in the first quarter valued at approximately $367,474,000. LRI Investments LLC bought a new stake in shares of GE Vernova during the first quarter valued at approximately $63,000. Finally, Kinetic Partners Management LP acquired a new position in shares of GE Vernova during the first quarter worth approximately $20,854,000.

About GE Vernova

(Get Free Report)

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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