GE Vernova (GEV), a recent spin-off from General Electric, is drawing a significant amount of attention on the market, with instances of both highs and lows in the share price. Recently hitting a
12-month high at $185.50, GEV's stocks have been marked with an
'Outperform' recommendation by Daiwa Capital, and subsequently upgraded by Daiwa America based on their performance. While the company had a punctuated momentary loss, which was beyond the market average, positive
RS Ratings and repeated acknowledgments from analysts point towards considerable potential. The
spin-off from General Electric and subsequent launch as a standalone company has been one of the main underlying factors pushing the company's performance. Despite posting a loss in its first results as a standalone company and experiencing some decline along the way, there is an ongoing resiliency in the stock. With an increase of 6.4% in its stock price, high-profile commentary points towards a promising outlook, such as speculation surrounding GEV's potential to follow in NVIDIA's footsteps. Major banks, such as Morgan Stanley and Citigroup, have given GEV a 'Hold' and 'Neutral' rating respectively, seeming to wait for more definitive market performance.
Ge Vernova GEV News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Sat, 22 Jun 2024 20:56:50 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -3
