GE Vernova (NYSE:GEV) PT Raised to $300.00

GE Vernova (NYSE:GEV) had its price objective upped by stock analysts at Evercore ISI from $285.00 to $300.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 12.96% from the stock’s current price.

A number of other research firms have also weighed in on GEV. Jefferies Financial Group upped their target price on shares of GE Vernova from $261.00 to $293.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $200.00 to $300.00 in a research note on Tuesday, September 17th. Raymond James downgraded GE Vernova from an “outperform” rating to a “market perform” rating in a report on Wednesday. Argus assumed coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Redburn Atlantic assumed coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.98.

GE Vernova Stock Up 4.3 %

Shares of GE Vernova stock opened at $265.59 on Thursday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $266.42. The firm has a 50 day moving average price of $205.35.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, research analysts predict that GE Vernova will post 2.83 EPS for the current year.

Hedge Funds Weigh In On GE Vernova

Large investors have recently modified their holdings of the company. Anderson Hoagland & Co. purchased a new stake in GE Vernova in the 1st quarter worth approximately $1,720,000. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova in the first quarter worth $2,892,000. Boit C F David bought a new stake in GE Vernova during the first quarter valued at $149,000. ANTIPODES PARTNERS Ltd purchased a new position in GE Vernova during the first quarter worth about $30,000. Finally, Nwam LLC bought a new position in GE Vernova in the 1st quarter worth about $1,531,000.

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.