GE Vernova (NYSE:GEV) Research Coverage Started at Redburn Atlantic

Analysts at Redburn Atlantic started coverage on shares of GE Vernova (NYSE:GEV) in a report released on Tuesday, Benzinga reports. The firm set a “neutral” rating and a $178.00 price target on the stock. Redburn Atlantic’s price objective indicates a potential upside of 6.24% from the company’s current price.

GEV has been the subject of a number of other reports. Daiwa America raised GE Vernova to a “strong-buy” rating in a research note on Friday, June 21st. Morgan Stanley started coverage on GE Vernova in a research report on Thursday, May 23rd. They set an “equal weight” rating and a $167.00 price objective for the company. Citigroup started coverage on GE Vernova in a research report on Tuesday, June 11th. They set a “neutral” rating and a $183.00 price objective for the company. Mizuho increased their price objective on GE Vernova from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI started coverage on GE Vernova in a research report on Thursday, April 18th. They set an “outperform” rating and a $174.00 price objective for the company. Five investment 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, GE Vernova presently has a consensus rating of “Moderate Buy” and an average target price of $172.25.

GE Vernova Price Performance

Shares of GEV stock opened at $167.55 on Tuesday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $185.50. The business has a 50 day simple moving average of $166.66.

GE Vernova (NYSE:GEV) last issued its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Equities research analysts forecast that GE Vernova will post 3.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Hedge funds have recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova during the first quarter worth $30,000. LRI Investments LLC acquired a new position in GE Vernova during the first quarter worth $63,000. Bank of New Hampshire acquired a new position in GE Vernova during the second quarter worth $114,000. Kozak & Associates Inc. acquired a new position in GE Vernova during the first quarter worth $115,000. Finally, Boit C F David acquired a new position in GE Vernova during the first quarter worth $149,000.

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.