Susquehanna Issues Pessimistic Forecast for GE Vernova (NYSE:GEV) Stock Price

GE Vernova (NYSE:GEV) had its price target lowered by stock analysts at Susquehanna from $1,300.00 to $1,270.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 26.66% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Oppenheimer boosted their price target on GE Vernova from $1,303.00 to $1,338.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. President Capital increased their price objective on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Citigroup decreased their target price on shares of GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,250.00 target price (up from $1,110.00) on shares of GE Vernova in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, GE Vernova presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,164.87.

GE Vernova Price Performance

GE Vernova stock opened at $1,002.72 on Wednesday. The firm has a market cap of $267.05 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 3.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62. The stock’s fifty day moving average price is $967.20 and its two-hundred day moving average price is $1,000.65. GE Vernova has a one year low of $530.16 and a one year high of $1,195.94.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. As a group, research analysts expect that GE Vernova will post 15.04 EPS for the current fiscal year.

Hedge Funds Weigh In On GE Vernova

A number of institutional investors have recently modified their holdings of GEV. Auto Owners Insurance Co lifted its holdings in GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares during the last quarter. BlackRock Inc. bought a new position in GE Vernova during the second quarter worth about $25,569,630,000. State Street Corp increased its stake in shares of GE Vernova by 3.3% in the second quarter. State Street Corp now owns 11,765,340 shares of the company’s stock worth $13,828,380,000 after purchasing an additional 370,842 shares in the last quarter. Bank of America Corp DE increased its stake in shares of GE Vernova by 20.1% in the first quarter. Bank of America Corp DE now owns 2,598,178 shares of the company’s stock worth $2,267,949,000 after purchasing an additional 435,405 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of GE Vernova in the second quarter worth about $2,497,472,000.

GE Vernova Company Profile

GE Vernova Inc (NYSE: GEV) is an energy technology company formed through the separation of General Electric’s energy businesses in April 2024. The company is focused on helping generate, transmit, distribute and store electricity as power systems adapt to rising demand and the transition toward lower-carbon energy sources.

GE Vernova operates across three principal business areas: Power, Wind and Electrification. Its products and services include gas and steam power generation equipment, nuclear and hydropower technologies, onshore and offshore wind turbines, wind services, grid equipment, electrification systems, energy storage solutions and software used to monitor and manage energy infrastructure.

The company serves utilities, independent power producers, industrial customers and other energy-sector organizations in markets around the world.