GE Vernova (NYSE:GEV) Now Covered by Guggenheim

Research analysts at Guggenheim began coverage on shares of GE Vernova (NYSE:GEV) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $300.00 price target on the stock. Guggenheim’s price objective points to a potential upside of 17.62% from the company’s current price.

GEV has been the subject of several other research reports. William Blair assumed coverage on shares of GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating for the company. Citigroup began coverage on GE Vernova in a report on Tuesday, June 11th. They issued a “neutral” rating and a $183.00 price target for the company. Morgan Stanley lifted their price objective on GE Vernova from $220.00 to $256.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Bank of America raised GE Vernova from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $300.00 in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada lifted their price target on shares of GE Vernova from $192.00 to $246.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $223.66.

GE Vernova Stock Down 0.2 %

Shares of GE Vernova stock opened at $255.05 on Tuesday. GE Vernova has a 12 month low of $115.00 and a 12 month high of $257.75. The business’s fifty day moving average is $191.02.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.42 billion. As a group, equities research analysts anticipate that GE Vernova will post 2.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new stake in GE Vernova in the second quarter valued at $25,000. Trifecta Capital Advisors LLC bought a new position in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC acquired a new position in GE Vernova during the second quarter worth approximately $26,000. Finally, Timber Creek Capital Management LLC bought a new stake in GE Vernova in the second quarter valued at approximately $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.