GE Vernova (NYSE:GEV) Coverage Initiated at Guggenheim

Stock analysts at Guggenheim started coverage on shares of GE Vernova (NYSE:GEV) in a research note issued on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $300.00 price target on the stock. Guggenheim’s target price would suggest a potential upside of 19.26% from the company’s current price.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of GE Vernova from $216.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Daiwa America upgraded GE Vernova to a “strong-buy” rating in a research report on Friday, June 21st. HSBC initiated coverage on GE Vernova in a research report on Monday, August 12th. They set a “buy” rating and a $215.00 price objective on the stock. Hsbc Global Res raised GE Vernova to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Redburn Atlantic started coverage on GE Vernova in a research report on Tuesday, July 2nd. They issued a “neutral” rating and a $178.00 price target for the company. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average target price of $223.66.

GE Vernova Trading Up 2.5 %

NYSE:GEV opened at $251.55 on Tuesday. The stock has a 50-day moving average price of $189.57. GE Vernova has a 12 month low of $115.00 and a 12 month high of $254.87.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.42 billion. On average, equities research analysts anticipate that GE Vernova will post 3.02 EPS for the current year.

Institutional Trading of GE Vernova

A number of large investors have recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new stake in GE Vernova during the 2nd quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova in the second quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in GE Vernova during the 2nd quarter worth about $26,000. Finally, Timber Creek Capital Management LLC purchased a new position in GE Vernova during the 2nd quarter valued at about $27,000.

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.