GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of GE Vernova (NYSE:GEV) in a report released on Thursday morning, MarketBeat reports. The firm issued an equal weight rating and a $167.00 target price on the stock.

A number of other brokerages have also weighed in on GEV. BNP Paribas assumed coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They issued an outperform rating and a $177.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They issued a buy rating and a $154.00 price target on the stock. Melius assumed coverage on shares of GE Vernova in a research note on Monday, April 22nd. They issued a hold rating and a $147.00 price target on the stock. JPMorgan Chase & Co. raised shares of GE Vernova from a neutral rating to an overweight rating and set a $141.00 price target on the stock in a research note on Monday, April 8th. Finally, Evercore ISI assumed coverage on shares of GE Vernova in a research note on Thursday, April 18th. They issued an outperform rating and a $174.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, GE Vernova has an average rating of Moderate Buy and an average target price of $162.90.

GE Vernova Stock Up 9.7 %

Shares of NYSE GEV opened at $177.43 on Thursday. GE Vernova has a 52-week low of $115.00 and a 52-week high of $177.77.

GE Vernova (NYSE:GEV) last issued its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to analysts’ expectations of $7.56 billion. On average, analysts forecast that GE Vernova will post 3.01 EPS for the current year.

Institutional Trading of GE Vernova

A number of institutional investors have recently made changes to their positions in GEV. ANTIPODES PARTNERS Ltd acquired a new position in GE Vernova during the first quarter worth $30,000. LRI Investments LLC acquired a new position in GE Vernova during the first quarter worth $63,000. Kozak & Associates Inc. acquired a new position in GE Vernova during the first quarter worth $115,000. Boit C F David acquired a new position in GE Vernova during the first quarter worth $149,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova during the first quarter worth $478,000.

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.