GE Vernova
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 Q3 regulatory filings by fund managers ($100M+ AUM)
94% more call options, than puts
Call options by funds: $1.58B | Put options by funds: $811M
75% more first-time investments, than exits
New positions opened: 291 | Existing positions closed: 166
41% more capital invested
Capital invested by funds: $38.6B [Q2] → $54.4B (+$15.8B) [Q3]
27% more funds holding in top 10
Funds holding in top 10: 30 [Q2] → 38 (+8) [Q3]
9% more funds holding
Funds holding: 1,426 [Q2] → 1,551 (+125) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 520 | Existing positions reduced: 511
4.01% less ownership
Funds ownership: 82.18% [Q2] → 78.18% (-4.01%) [Q3]
Research analyst outlook
30 Wall Street Analysts provided 1 year price targets over the past 3 months
30 analyst ratings
Morgan Stanley Andrew Percoco 67% 1-year accuracy 6 / 9 met price target | 11%upside $367 | Overweight Maintained | 15 Nov 2024 |
Daiwa Capital Dennis Ip 67% 1-year accuracy 2 / 3 met price target | 2%upside $336 | Buy Upgraded | 30 Oct 2024 |
Truist Securities Jordan Levy 24% 1-year accuracy 9 / 37 met price target | 1%downside $325 | Buy Maintained | 24 Oct 2024 |
Morgan Stanley Andrew Percoco 67% 1-year accuracy 6 / 9 met price target | 9%downside $301 | Overweight Maintained | 24 Oct 2024 |
RBC Capital Christopher Dendrinos 91% 1-year accuracy 10 / 11 met price target | 14%downside $285 | Outperform Maintained | 24 Oct 2024 |
Financial journalist opinion
Based on 25 articles about GEV published over the past 30 days
