GE Vernova (NYSE:GEV) Coverage Initiated by Analysts at Raymond James

Raymond James assumed coverage on shares of GE Vernova (NYSE:GEV) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $160.00 target price on the stock.

GEV has been the subject of several other reports. JPMorgan Chase & Co. upgraded GE Vernova from a neutral rating to an overweight rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Royal Bank of Canada reiterated an outperform rating and issued a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. Mizuho initiated coverage on GE Vernova in a research report on Monday. They set a buy rating and a $154.00 price target for the company. Finally, The Goldman Sachs Group initiated coverage on GE Vernova in a research report on Tuesday. They set a buy rating and a $154.00 price target for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of $157.67.

GE Vernova Trading Up 3.6 %

GE Vernova stock opened at $134.70 on Wednesday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $152.48.

Institutional Investors Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.