GE Vernova Inc., a spinoff due to
General Electric splitting, shows significant strides in the market despite recording bigger falls than the overall market. The company has been getting significant attention on
Reddit and raised its price target to
$336 in Jefferies. However, the company slipped following Raymond James' downgrade, contradicting the bullish consensus.
Shares of GEV soared to a
new 1-year high and analysts still predict upside despite it being
up by 22% this month. Q3 earnings remain a focus of anticipation. The company is seen as a leading contender among top
wind power and solar stocks. The promising performance is linked to a surge in AI Power Demand optimism, despite a recent slump larger than the general market. GE Vernova plans a leaner offshore wind unit, planning to cut hundreds of jobs, but shows promise with their nuclear business advancing to the next stage of Great British
Nuclear’s SMR competition.
Investor sentiments are high in the market, with reductions in short interest, interpreting bullish assessments from various investment institutions.
Wall Street and BlackRock are bullish about the stock.
Ge Vernova GEV News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Sat, 19 Oct 2024 07:58:41 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -4
