Melius Begins Coverage on GE Vernova (NYSE:GEV)

Analysts at Melius began coverage on shares of GE Vernova (NYSE:GEV) in a research note issued on Monday, Briefing.com reports. The brokerage set a “hold” rating and a $147.00 price target on the stock. Melius’ target price points to a potential upside of 8.81% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. BNP Paribas began coverage on shares of GE Vernova in a research report on Wednesday, April 17th. They set an “outperform” rating and a $177.00 price target for the company. Evercore ISI began coverage on shares of GE Vernova in a research report on Thursday. They set an “outperform” rating and a $174.00 price target for the company. Mizuho began coverage on shares of GE Vernova in a research report on Monday, April 15th. They set a “buy” rating and a $154.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of GE Vernova in a research report on Tuesday, April 16th. They set a “buy” rating and a $154.00 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of GE Vernova in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.38.

GE Vernova Trading Down 1.5 %

NYSE GEV opened at $135.10 on Monday. 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

An institutional investor recently bought a new position in GE Vernova stock. Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova Inc. (NYSE:GEV) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 21,256 shares of the company’s stock, valued at approximately $2,892,000.

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.