US Bancorp DE has increased its holdings in
GE Vernova Inc. The company, which split from General Electric, has seen fluctuations in stock prices with both profits and losses posted.
Daiwa Capital upgraded GEV's status while the blade problem spreading led to a $700 million charge. The company's stock gained popularity with Redditors and trading saw slight increases. GEV's earnings failed to meet expectations but revenues beat the same. Notwithstanding the slump, the firm gained investor confidence with robust revenue outlook. It reported a profitable quarter for the first time as standalone company. Scott Strazik's management was appreciated by Jim Cramer. Deutsche Bank initiated coverage with a 'Buy’ Rating citing growth opportunities in
Power Generation and AI Optimization. Clean energy was given credit for the rising stock prices.
HSBC also gave a buy recommendation to GE Vernova. Argus raised the price target to $300 with promising turnaround and growth in
Energy Transition and
Decarbonization. However, problems like a blade failure at a UK offshore wind farm put the stock under pressure.
Ge Vernova GEV News Analytics from Tue, 02 Apr 2024 16:09:29 GMT to Sat, 02 Nov 2024 09:42:42 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor 1
