GE Vernova (NYSE:GEV) Now Covered by TD Cowen

TD Cowen began coverage on shares of GE Vernova (NYSE:GEV) in a research report released on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $400.00 price objective on the stock.

GEV has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on GE Vernova from $285.00 to $376.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Morgan Stanley raised their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a report on Friday, November 15th. William Blair initiated coverage on GE Vernova in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Oppenheimer initiated coverage on GE Vernova in a report on Thursday, September 26th. They issued a “market perform” rating on the stock. Finally, Hsbc Global Res lowered GE Vernova from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GE Vernova presently has an average rating of “Moderate Buy” and an average price target of $294.19.

GE Vernova Price Performance

Shares of NYSE GEV opened at $348.17 on Thursday. The business’s 50-day simple moving average is $302.91 and its 200-day simple moving average is $225.45. GE Vernova has a 52 week low of $115.00 and a 52 week high of $357.09.

Hedge Funds Weigh In On GE Vernova

Institutional investors have recently bought and sold shares of the business. Castleview Partners LLC bought a new position in GE Vernova in the 3rd quarter valued at $28,000. Covestor Ltd raised its position in GE Vernova by 61.3% in the 3rd quarter. Covestor Ltd now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the last quarter. Darwin Wealth Management LLC bought a new position in GE Vernova in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC raised its position in GE Vernova by 175.0% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 121 shares of the company’s stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Finally, Planning Capital Management Corp raised its position in GE Vernova by 1,000.0% in the 3rd quarter. Planning Capital Management Corp now owns 143 shares of the company’s stock valued at $36,000 after purchasing an additional 130 shares during the last quarter.

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.