GE VernovaGEV
Market Cap: $54.5B
About: GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
14,922% more first-time investments, than exits
New positions opened: 1,352 | Existing positions closed: 9
3,171% more capital invested
Capital invested by funds: $1.15B [Q1] → $37.7B (+$36.5B) [Q2]
1,919% more funds holding
Funds holding: 70 [Q1] → 1,413 (+1,343) [Q2]
1,400% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 30 (+28) [Q2]
340% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 10
80.21% more ownership
Funds ownership: 0% [Q1] → 80.21% (+80.21%) [Q2]
17% more call options, than puts
Call options by funds: $424M | Put options by funds: $362M
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Jefferies Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 32%upside $261 | Buy Initiated | 4 Sept 2024 |
Morgan Stanley Andrew Percoco 78% 1-year accuracy 7 / 9 met price target | 11%upside $220 | Overweight Maintained | 26 Aug 2024 |
HSBC Sean McLoughlin 50% 1-year accuracy 1 / 2 met price target | 8%upside $215 | Buy Initiated | 12 Aug 2024 |
Morgan Stanley Andrew Percoco 78% 1-year accuracy 7 / 9 met price target | 11%upside $220 | Overweight Upgraded | 1 Aug 2024 |
Mizuho Maheep Mandloi 55% 1-year accuracy 18 / 33 met price target | 5%upside $208 | Outperform Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 15 articles about GEV published over the past 30 days