GE Vernova (NYSE:GEV) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of GE Vernova (NYSE:GEV) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued an overweight rating and a $385.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on GE Vernova in a research report on Monday, October 21st. They set a “buy” rating and a $354.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on GE Vernova from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on GE Vernova from $220.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. William Blair initiated coverage on GE Vernova in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Evercore ISI boosted their price target on GE Vernova from $300.00 to $323.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.02.

GE Vernova Price Performance

Shares of NYSE GEV opened at $338.21 on Thursday. The business’s 50 day moving average price is $283.91 and its two-hundred day moving average price is $213.46. GE Vernova has a twelve month low of $115.00 and a twelve month high of $357.09.

Institutional Investors Weigh In On GE Vernova

Several institutional investors have recently made changes to their positions in GEV. LRI Investments LLC bought a new stake in shares of GE Vernova in the first quarter valued at approximately $63,000. Price T Rowe Associates Inc. MD bought a new stake in GE Vernova during the first quarter worth $367,474,000. Steadfast Capital Management LP bought a new stake in GE Vernova during the first quarter worth $80,235,000. Kinetic Partners Management LP bought a new stake in GE Vernova during the first quarter worth $20,854,000. Finally, Yaupon Capital Management LP bought a new stake in GE Vernova during the first quarter worth $10,256,000.

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.