GE Vernova (NYSE:GEV) Stock Price Expected to Rise, Guggenheim Analyst Says

GE Vernova (NYSE:GEV) had its price target increased by investment analysts at Guggenheim from $300.00 to $400.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 16.31% from the company’s current price.

GEV has been the subject of a number of other research reports. Hsbc Global Res downgraded GE Vernova from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. William Blair started coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Evercore ISI upped their target price on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research started coverage on GE Vernova in a research report on Wednesday. They issued an “outperform” rating and a $403.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.02.

GE Vernova Price Performance

GEV stock opened at $343.91 on Thursday. The stock has a 50-day moving average price of $300.97 and a two-hundred day moving average price of $224.59. GE Vernova has a 12-month low of $115.00 and a 12-month high of $357.09.

Institutional Trading of GE Vernova

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators acquired a new stake in shares of GE Vernova during the 2nd quarter worth approximately $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova in the 2nd quarter worth approximately $25,000. Timber Creek Capital Management LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $27,000. Finally, Gradient Investments LLC bought a new position in GE Vernova in the 2nd quarter worth approximately $27,000.

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.