GE Vernova (NYSE:GEV) Lifted to Overweight at Morgan Stanley

GE Vernova (NYSE:GEV) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, MarketBeat.com reports. The firm currently has a $220.00 price target on the stock, up from their prior price target of $175.00. Morgan Stanley’s target price would indicate a potential upside of 23.42% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Evercore ISI boosted their price objective on shares of GE Vernova from $174.00 to $202.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Melius assumed coverage on shares of GE Vernova in a report on Monday, April 22nd. They issued a “hold” rating and a $147.00 price objective for the company. Bank of America assumed coverage on shares of GE Vernova in a report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price target for the company. Redburn Atlantic began coverage on shares of GE Vernova in a report on Tuesday, July 2nd. They set a “neutral” rating and a $178.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on shares of GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $188.04.

GE Vernova Trading Up 9.6 %

GE Vernova stock opened at $178.25 on Thursday. The business’s 50-day moving average price is $172.19. GE Vernova has a fifty-two week low of $115.00 and a fifty-two week high of $185.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GEV. Bank of New York Mellon Corp purchased a new stake in GE Vernova during the second quarter worth about $537,674,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the first quarter worth about $367,474,000. Assenagon Asset Management S.A. purchased a new stake in GE Vernova during the second quarter worth about $217,569,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of GE Vernova in the second quarter worth about $104,273,000. Finally, Steadfast Capital Management LP purchased a new position in shares of GE Vernova in the first quarter worth about $80,235,000.

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.