GE Vernova (NYSE:GEV) Earns Buy Rating from Analysts at Truist Financial

Truist Financial started coverage on shares of GE Vernova (NYSE:GEV) in a research report released on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $300.00 price objective on the stock.

GEV has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on shares of GE Vernova from $196.00 to $220.00 and gave the company a buy rating in a report on Friday, July 26th. Morgan Stanley upped their target price on shares of GE Vernova from $220.00 to $256.00 and gave the company an overweight rating in a research note on Friday, September 13th. Redburn Atlantic assumed coverage on shares of GE Vernova in a research report on Tuesday, July 2nd. They issued a neutral rating and a $178.00 price target for the company. William Blair began coverage on GE Vernova in a report on Thursday, August 29th. They set an outperform rating on the stock. Finally, BMO Capital Markets began coverage on GE Vernova in a report on Friday, September 13th. They issued an outperform rating and a $245.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $227.48.

GE Vernova Stock Performance

GEV stock opened at $249.86 on Thursday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $258.64. The business’s 50-day moving average price is $196.33.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion. On average, sell-side analysts predict that GE Vernova will post 2.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEV. Centaurus Financial Inc. acquired a new stake in shares of GE Vernova in the 2nd quarter valued at $126,000. Anchor Investment Management LLC bought a new position in GE Vernova in the second quarter valued at about $326,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GE Vernova in the second quarter worth about $34,149,000. KP Management LLC bought a new stake in GE Vernova during the 2nd quarter worth about $707,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in GE Vernova during the 2nd quarter worth about $76,000.

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.