GE Vernova’s (GEV) “Outperform” Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reaffirmed their outperform rating on shares of GE Vernova (NYSE:GEV) in a research report report published on Tuesday, Marketbeat reports. Sanford C. Bernstein currently has a $1,298.00 target price on the stock.

A number of other brokerages also recently commented on GEV. The Goldman Sachs Group upgraded GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday. Morgan Stanley downgraded shares of GE Vernova from an “overweight” rating to an “underweight” rating in a report on Monday, August 3rd. BMO Capital Markets restated an “outperform” rating on shares of GE Vernova in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Vernova in a report on Tuesday, July 21st. Finally, Jefferies Financial Group set a $1,185.00 price objective on shares of GE Vernova in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,145.83.

GE Vernova Stock Performance

Shares of GEV stock opened at $924.99 on Tuesday. The company has a market cap of $246.36 billion, a P/E ratio of 26.47, a PEG ratio of 4.30 and a beta of 1.15. The business has a 50 day moving average of $983.65 and a two-hundred day moving average of $984.66. GE Vernova has a 52 week low of $530.16 and a 52 week high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21.

GE Vernova (NYSE:GEV) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.79 billion. GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. As a group, analysts anticipate that GE Vernova will post 15.36 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Auto Owners Insurance Co boosted its position in shares of GE Vernova by 110,973.4% during the 4th quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company’s stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares in the last quarter. BlackRock Inc. bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $25,569,630,000. Norges Bank bought a new stake in shares of GE Vernova in the 4th quarter worth approximately $2,283,114,000. Bank of America Corp DE bought a new stake in shares of GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Finally, Bank of New York Mellon Corp acquired a new stake in GE Vernova during the second quarter valued at approximately $2,497,472,000.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: CEO Scott Strazik said at a Morgan Stanley conference that GE Vernova’s backlog, which stood at $176 billion at the end of the second quarter, is on track to exceed $200 billion very early in 2027. The earlier-than-expected milestone reinforced expectations for long-term revenue visibility. GE Vernova Stock Is Up, What You Need To Know
• Positive Sentiment: GE Vernova and Vineyard Wind resolved their legal dispute involving the Vineyard Wind 1 offshore project, allowing the Massachusetts wind farm to continue full-scale operations. Ending the conflict removes a potential overhang tied to turbine issues, payment claims and GE Vernova’s threatened withdrawal. GE Vernova, Vineyard Wind settle legal battle over New England wind farm
• Positive Sentiment: Bernstein’s backing helped the shares recover from an earlier sell-off, while progress on a Texas power-plant project supplied an additional catalyst. The developments support the view that demand for GE Vernova’s generation and grid equipment remains durable. GE Vernova rebounds after earlier sell-off
• Positive Sentiment: New business includes a contract to supply seven turbines totaling 29.4 megawatts for Eurus Energy’s Japanese wind project. The deal adds to order activity, although its financial impact is likely modest relative to GE Vernova’s overall backlog. GE Vernova to supply 29.4 MW of wind capacity for Eurus Energy
• Neutral Sentiment: The Vineyard Wind settlement’s financial terms remain confidential. While the resolution removes litigation risk, investors cannot yet determine whether GE Vernova will record a meaningful payment, charge or other financial impact. Vineyard Wind, GE Vernova reach settlement
• Negative Sentiment: Earlier selling reflected broader concerns about technology infrastructure spending and the sustainability of AI-related power-demand expectations. Those concerns remain a risk to the stock’s elevated valuation despite the improving backlog outlook.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company that provides equipment, software and services for electricity generation, transmission and distribution. Its portfolio is designed to support power systems across a range of energy sources, including natural gas, nuclear, hydroelectric, wind and solar power, as well as battery storage.

The company operates through three primary businesses: Power, Wind and Electrification. Power supplies gas and steam turbines, generators, nuclear power technologies, hydroelectric equipment and related maintenance services.