GE Vernova (NYSE:GEV) Earns Neutral Rating from Analysts at Bank of America

Bank of America started coverage on shares of GE Vernova (NYSE:GEV) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $150.00 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. Melius assumed coverage on shares of GE Vernova in a research report on Monday, April 22nd. They set a hold rating and a $147.00 target price 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 objective for the company. Royal Bank of Canada reiterated an outperform rating and set a $160.00 price objective on shares of GE Vernova in a research report on Friday, April 12th. JPMorgan Chase & Co. upgraded shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 price objective for the company in a research report on Monday, April 8th. Finally, Raymond James assumed coverage on shares of GE Vernova in a research report on Wednesday, April 17th. They set an outperform rating and a $160.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has an average rating of Moderate Buy and an average target price of $157.44.

GE Vernova Stock Up 3.2 %

GEV opened at $153.07 on Wednesday. GE Vernova has a 1-year low of $115.00 and a 1-year high of $157.25.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $7.56 billion.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC purchased a new position in GE Vernova in the 1st quarter worth about $673,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in GE Vernova in the 1st quarter worth about $478,000. Maryland State Retirement & Pension System purchased a new position in GE Vernova in the 1st quarter worth about $2,892,000. Finally, Anderson Hoagland & Co. purchased a new position in GE Vernova in the 1st quarter worth about $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.