GE Vernova (NYSE:GEV) Earns Neutral Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of GE Vernova (NYSE:GEV) in a report published on Wednesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $150.00 price target on the stock.

Other research analysts have also recently issued research reports about the company. Evercore ISI assumed coverage on GE Vernova in a research report on Thursday, April 18th. They issued an outperform rating and a $174.00 target price on the stock. Mizuho began 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. JPMorgan Chase & Co. raised 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. BNP Paribas began coverage on GE Vernova in a research note on Wednesday, April 17th. They set an outperform rating and a $177.00 price target on the stock. Finally, Melius began coverage on GE Vernova in a research note on Monday. They set a hold rating and a $147.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $157.44.

GE Vernova Stock Down 1.1 %

Shares of NYSE GEV opened at $146.24 on Wednesday. GE Vernova has a 52 week low of $115.00 and a 52 week high of $152.48.

Hedge Funds Weigh In On GE Vernova

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Anderson Hoagland & Co. acquired a new position in GE Vernova in the first quarter valued at approximately $1,720,000. Maryland State Retirement & Pension System acquired a new position in GE Vernova in the first quarter valued at approximately $2,892,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova in the first quarter valued at approximately $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.