GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of GE Vernova (NYSE:GEV) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $178.00 price objective on the stock.

A number of other research analysts have also recently commented on GEV. Daiwa America raised shares of GE Vernova to a strong-buy rating in a report on Friday, June 21st. JPMorgan Chase & Co. increased their target price on shares of GE Vernova from $176.00 to $186.00 and gave the stock an overweight rating in a report on Monday, June 3rd. Royal Bank of Canada increased their target price on shares of GE Vernova from $160.00 to $180.00 and gave the stock an outperform rating in a report on Thursday, May 30th. Citigroup initiated coverage on shares of GE Vernova in a report on Tuesday, June 11th. They issued a neutral rating and a $183.00 target price for the company. Finally, Argus initiated coverage on GE Vernova in a research note on Thursday, June 13th. They issued a buy rating and a $190.00 price objective for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $172.25.

GE Vernova Price Performance

GEV opened at $172.68 on Tuesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $185.50. The business’s 50-day moving average price is $168.24.

GE Vernova (NYSE:GEV) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.56 billion. As a group, analysts anticipate that GE Vernova will post 3.02 EPS for the current fiscal year.

Institutional Trading of GE Vernova

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd acquired a new stake in GE Vernova during the 1st quarter valued at approximately $30,000. LRI Investments LLC acquired a new stake in GE Vernova during the 1st quarter valued at approximately $63,000. Bank of New Hampshire acquired a new stake in GE Vernova during the 2nd quarter valued at approximately $114,000. Kozak & Associates Inc. acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $115,000. Finally, Boit C F David acquired a new stake in shares of GE Vernova during the 1st quarter worth approximately $149,000.

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.