GE Vernova (NYSE:GEV) Shares Up 7.9%

GE Vernova Inc. (NYSE:GEV)’s stock price rose 7.9% during mid-day trading on Tuesday . The company traded as high as $147.73 and last traded at $147.48. Approximately 2,723,481 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 7,204,473 shares. The stock had previously closed at $136.69.

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Bank of America initiated coverage on GE Vernova in a research note on Wednesday. They issued a “neutral” rating and a $150.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of GE Vernova in a report on Friday, April 12th. 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. BNP Paribas began coverage on GE Vernova in a report on Wednesday, April 17th. They set an “outperform” rating and a $177.00 target price on the stock. Finally, Evercore ISI began coverage on GE Vernova in a research note on Thursday, April 18th. They issued an “outperform” rating and a $174.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.44.

GE Vernova Stock Performance

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of GE Vernova during the first quarter worth about $478,000. Valeo Financial Advisors LLC bought a new stake in GE Vernova in the first quarter valued at approximately $673,000. Anderson Hoagland & Co. bought a new stake in GE Vernova in the first quarter valued at approximately $1,720,000. Finally, Maryland State Retirement & Pension System bought a new stake in GE Vernova in the first quarter valued at approximately $2,892,000.

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.