GE Vernova (NYSE:GEV) Coverage Initiated at BNP Paribas

Investment analysts at BNP Paribas started coverage on shares of GE Vernova (NYSE:GEV) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $177.00 price target on the stock. BNP Paribas’ price objective points to a potential upside of 28.99% from the company’s current price.

Other research analysts have also issued research reports about the stock. Raymond James began coverage on shares of GE Vernova in a report on Wednesday. They set an “outperform” rating and a $160.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Mizuho began coverage on GE Vernova in a research report on Monday. They issued a “buy” rating and a $154.00 price target for the company. JPMorgan Chase & Co. raised GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price objective on the stock in a report on Monday, April 8th. Finally, 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 for the company. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $160.00.

GE Vernova Price Performance

NYSE GEV opened at $137.22 on Wednesday. GE Vernova has a 52-week low of $115.00 and a 52-week 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 stake in GE Vernova Inc. (NYSE:GEV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.