GE Vernova Inc. (GEV), the result of the General Electric split, has been generating a lot of buzz recently. Analyst Jim Cramer has been extremely positive about the company, frequently highlighting its broad utility offer and praising the management. Major investment firms such as
Kornitzer Capital Management and
Robeco Institutional Asset Management have sizable positions in GEV. However, despite
Evercore ISI raising its price target, citing a strong revenue and cash flow outlook for 2024, GEV's stock fell after earnings missed expectations. The stock's performance has been a mixed bag with it hitting new 12-month highs, but also experiencing notable falls. GE Vernova took a $700 million blow as issues with blade problems spread, but despite the hits, its popularity among institutional investors who own 81% of the company remained steady. Deutsche Bank initiated coverage on the stock with a 'Buy' rating, citing
growth opportunities in power generation and AI optimization. Various analysts and firms have encouraged buying GEV stock ahead of earnings due to its strong revenue outlook and path to higher margins, whilst others warn of possible disruption from declining battery prices.
Ge Vernova GEV News Analytics from Tue, 02 Apr 2024 16:09:29 GMT to Sat, 09 Nov 2024 09:37:47 GMT -
Rating 2
- Innovation 7
- Information 9
- Rumor 3
