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 report published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $300.00 price objective on the stock.

Several other brokerages have also issued reports on GEV. Redburn Atlantic assumed coverage on shares of GE Vernova in a research note on Tuesday, July 2nd. They set a neutral rating and a $178.00 target price on the stock. Oppenheimer assumed coverage on shares of GE Vernova in a research note on Thursday. They issued a market perform rating on the stock. Morgan Stanley raised their price objective 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. Citigroup assumed coverage on shares of GE Vernova in a research note on Tuesday, June 11th. They issued a neutral rating and a $183.00 price objective on the stock. Finally, William Blair assumed coverage on shares of GE Vernova in a research note on Thursday, August 29th. They issued an outperform rating on the stock. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $227.48.

GE Vernova Stock Performance

Shares of NYSE GEV opened at $249.86 on Thursday. GE Vernova has a 12-month low of $115.00 and a 12-month high of $258.64. The business’s fifty day moving average is $196.33.

GE Vernova (NYSE:GEV) last issued its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.42 billion. Equities research analysts predict that GE Vernova will post 2.83 earnings per share for the current fiscal year.

Institutional Trading of GE Vernova

A number of large investors have recently added to or reduced their stakes in GEV. Deseret Mutual Benefit Administrators purchased a new stake in GE Vernova during the second quarter worth about $25,000. Trifecta Capital Advisors LLC purchased a new stake in GE Vernova during the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in GE Vernova during the second quarter worth about $25,000. Global Trust Asset Management LLC purchased a new stake in GE Vernova during the second quarter worth about $26,000. Finally, Timber Creek Capital Management LLC purchased a new stake in GE Vernova during the second quarter worth about $27,000.

About GE Vernova

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.