Mizuho Begins Coverage on GE Vernova (NYSE:GEV)

Mizuho initiated coverage on shares of GE Vernova (NYSE:GEV) in a report issued on Monday, Marketbeat reports. The brokerage issued a buy rating and a $154.00 price target on the stock.

Several other research analysts have also recently issued reports on GEV. JPMorgan Chase & Co. raised GE Vernova from a neutral rating to an overweight rating and set a $141.00 price objective on the stock in a research note on Monday, April 8th. Royal Bank of Canada restated an outperform rating and issued a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $160.00.

GE Vernova Stock Performance

GE Vernova stock opened at $137.22 on Monday. GE Vernova has a 1 year low of $115.00 and a 1 year high of $152.48.

Institutional Investors Weigh In On GE Vernova

A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. bought a new position in GE Vernova Inc. (NYSE:GEV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,428 shares of the company’s stock, valued at approximately $1,720,000.

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.