GE Vernova (NYSE:GEV) Coverage Initiated at Bank of America

Equities research analysts at Bank of America initiated coverage on shares of GE Vernova (NYSE:GEV) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $150.00 price target on the stock. Bank of America‘s price target indicates a potential upside of 1.14% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of GE Vernova in a research report on Friday, April 12th. Evercore ISI initiated coverage on GE Vernova in a research report on Thursday, April 18th. They issued an “outperform” rating and a $174.00 target price on the stock. Mizuho started coverage on GE Vernova in a research report on Monday, April 15th. They issued a “buy” rating and a $154.00 target price on the stock. Raymond James started coverage on GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $160.00 price target for the company. Finally, The Goldman Sachs Group started coverage on GE Vernova in a report on Tuesday, April 16th. They issued a “buy” rating and a $154.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, GE Vernova presently has an average rating of “Moderate Buy” and a consensus target price of $157.44.

GE Vernova Stock Performance

Shares of 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 Trading of GE Vernova

Large investors have recently modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of GE Vernova during the first quarter valued at about $478,000. Valeo Financial Advisors LLC acquired a new stake in shares of GE Vernova during the first quarter valued at about $673,000. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova during the first quarter valued at about $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova during the first quarter valued at about $2,892,000.

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.