Evercore ISI Initiates Coverage on GE Vernova (NYSE:GEV)

Investment analysts at Evercore ISI began coverage on shares of GE Vernova (NYSE:GEV) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $174.00 price target on the stock. Evercore ISI’s price objective would indicate a potential upside of 28.79% from the company’s current price.

Several other research analysts have also commented on GEV. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price target on the stock in a report on Monday, April 8th. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a report on Tuesday. They issued a “buy” rating and a $154.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. Raymond James began coverage on GE Vernova in a research report on Wednesday. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, Mizuho started coverage on GE Vernova in a research report on Monday, April 15th. They issued a “buy” rating and a $154.00 target price on the stock. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $160.00.

GE Vernova Stock Performance

NYSE:GEV opened at $135.10 on Thursday. GE Vernova has a one year low of $115.00 and a one year high of $152.48.

Hedge Funds Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Maryland State Retirement & Pension System acquired a new stake in GE Vernova Inc. (NYSE:GEV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,256 shares of the company’s stock, 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.