Shares of GE Vernova Inc. (NYSE:GEV – Get Free Report) were up 9.3% on Thursday . The stock traded as high as $986.00 and last traded at $983.9460. Approximately 3,128,950 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 2,834,188 shares. The stock had previously closed at $900.28.
Key Stories Impacting GE Vernova
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: AI data-center developers are seeking reliable, dedicated power, increasing demand for GE Vernova’s gas turbines. Investors are reassessing the company as an important supplier to the rapidly expanding AI infrastructure market. GE Is Finding a New Role Powering the AI Data Center Boom
- Positive Sentiment: The U.S. power grid requires substantial modernization to support rising electricity demand, including from data centers. That long-term investment theme could benefit GE Vernova’s power-generation and grid-related businesses. Why an Aging Power Grid Is Fueling a New ETF Bet
- Neutral Sentiment: GE Vernova is receiving heightened investor attention and is among the market’s trending stocks. The increased visibility may support trading interest, but the report does not identify a new fundamental catalyst. GE Vernova Is a Trending Stock
- Negative Sentiment: Erste Group Bank slightly lowered its FY2027 EPS forecast for GE Vernova to $24.64 from $24.81, signaling limited near-term pressure on earnings expectations. The revision is modest and remains above the current-year consensus forecast of $15.16 per share.
- Negative Sentiment: Reports that AI-related turbine systems are experiencing early failures highlight execution and reliability risks. Heavy training workloads could place additional stress on already-constrained turbine capacity, potentially increasing maintenance costs or delaying deployments. AI Data Center Turbines Are Suffering Early Deaths
Analyst Upgrades and Downgrades
Several equities analysts have commented on GEV shares. Guggenheim raised their target price on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Zacks Research lowered shares of GE Vernova from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Morgan Stanley increased their price objective on shares of GE Vernova from $1,250.00 to $1,350.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Robert W. Baird raised their price objective on shares of GE Vernova from $1,008.00 to $1,400.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets boosted their target price on GE Vernova from $1,110.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.
GE Vernova Trading Up 9.3%
The business has a fifty day moving average of $1,030.27 and a 200-day moving average of $929.81. The stock has a market capitalization of $262.05 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 3.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.
GE Vernova (NYSE:GEV – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter last year, the firm posted $1.86 earnings per share. GE Vernova’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts anticipate that GE Vernova Inc. will post 15.16 earnings per share for the current fiscal year.
GE Vernova Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 16th. GE Vernova’s payout ratio is presently 5.72%.
Insider Activity at GE Vernova
In other GE Vernova news, CAO Matthew Joseph Potvin sold 2,333 shares of GE Vernova stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $1,059.09, for a total value of $2,470,856.97. Following the transaction, the chief accounting officer owned 3,549 shares in the company, valued at approximately $3,758,710.41. The trade was a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Victor Abate sold 4,819 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $948.08, for a total value of $4,568,797.52. Following the sale, the chief executive officer owned 1,835 shares of the company’s stock, valued at $1,739,726.80. This trade represents a 72.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On GE Vernova
Institutional investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC lifted its holdings in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company’s stock valued at $26,000 after purchasing an additional 13 shares in the last quarter. Miller Global Investments LLC raised its position in GE Vernova by 63.6% during the second quarter. Miller Global Investments LLC now owns 36 shares of the company’s stock valued at $42,000 after buying an additional 14 shares during the period. Torren Management LLC acquired a new position in GE Vernova during the fourth quarter valued at $26,000. Cornerstone Financial Management LLC purchased a new stake in GE Vernova in the 4th quarter worth about $25,000. Finally, Wealth Watch Advisors INC acquired a new stake in GE Vernova during the 3rd quarter worth about $25,000.
About GE Vernova
GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.
The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.
Featured Stories
- Five stocks we like better than GE Vernova
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for GE Vernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Vernova and related companies with MarketBeat.com's FREE daily email newsletter.
