Evercore ISI Initiates Coverage on GE Vernova (NYSE:GEV)

Evercore ISI initiated coverage on shares of GE Vernova (NYSE:GEV) in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating and a $174.00 price target on the stock.

A number of other research analysts have also recently issued reports on GEV. JPMorgan Chase & Co. raised shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 price objective on the stock in a research note on Monday, April 8th. Raymond James started coverage on shares of GE Vernova in a research note on Wednesday. They issued an outperform rating and a $160.00 price objective on the stock. BNP Paribas started coverage on shares of GE Vernova in a research note on Wednesday. They issued an outperform rating and a $177.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of GE Vernova in a research note on Tuesday. They issued a buy rating and a $154.00 price objective on the stock. Finally, Royal Bank of Canada restated an outperform rating and issued a $160.00 target price on shares of GE Vernova in a research report on Friday, April 12th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, GE Vernova presently has a consensus rating of Buy and a consensus price target of $160.00.

GE Vernova Trading Up 1.8 %

Shares of GEV opened at $137.22 on Thursday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $152.48.

Institutional Trading of GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the first quarter, according to the company in its most recent 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.