GE Vernova (NYSE:GEV) Shares Up 7.9%

GE Vernova Inc. (NYSE:GEV) shares shot up 7.9% on Tuesday . The stock traded as high as $147.73 and last traded at $147.48. 2,723,481 shares were traded during mid-day trading, a decline of 62% from the average session volume of 7,204,473 shares. The stock had previously closed at $136.69.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a research note on Friday, April 12th. Melius began coverage on shares of GE Vernova in a report on Monday. They issued a “hold” rating and a $147.00 price target on the stock. BNP Paribas began coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an “outperform” rating and a $177.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 target price for the company in a research note on Monday, April 8th. Finally, Mizuho initiated 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. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, GE Vernova has a consensus rating of “Moderate Buy” and a consensus price target of $157.44.

GE Vernova Trading Up 1.5 %

Institutional Trading of GE Vernova

A number of large investors have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova in the first quarter valued at approximately $478,000. Valeo Financial Advisors LLC acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $673,000. Anderson Hoagland & Co. acquired a new stake in shares of GE Vernova in the first quarter valued at approximately $1,720,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of GE Vernova in the first quarter 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.