GE Vernova (GEV)

• Market cap: $94.5B
• 1 day: 2.96%
• 5 days: 1.96%
• 1 month: -0.03%
• 3 months: 39.60%
• 6 months: 93.40%
• Year to date: 161.07%
• 1 year: 161.07%
• 5 years: 161.07%
• 10 years: 161.07%
• Sector: Industrials
• Industry: Electronic & Other Electrical Equipment, Except Computer Equipment

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)

109% more first-time investments, than exits

New positions opened: 293 | Existing positions closed: 140

94% more call options, than puts

Call options by funds: $1.58B | Put options by funds: $811M

41% more capital invested

Capital invested by funds: $38.6B [Q2] → $54.5B (+$15.9B) [Q3]

27% more funds holding in top 10

Funds holding in top 10: 30 [Q2] → 38 (+8) [Q3]

11% more funds holding

Funds holding: 1,428 [Q2] → 1,581 (+153) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 531 | Existing positions reduced: 521

3.94% less ownership

Funds ownership: 82.18% [Q2] → 78.25% (-3.94%) [Q3]

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $255 26% downside
• Avg. target: $366 7% upside
• High target: $420 23% upside

17 analyst ratings

• positive: 15 88%
• neutral: 2 12%
• negative: 0 0%

Wells Fargo Michael Blum 75% 1-year accuracy 24 / 32 met price target	20% upside $411	Overweight Maintained	13 Dec 2024
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target	14% upside $391	Buy Maintained	13 Dec 2024
Goldman Sachs Joe Ritchie 70% 1-year accuracy 19 / 27 met price target	17% upside $400	Buy Maintained	12 Dec 2024
JP Morgan Mark Strouse 33% 1-year accuracy 14 / 42 met price target	7% upside $367	Overweight Maintained	11 Dec 2024
Evercore ISI Group James West 47% 1-year accuracy 17 / 36 met price target	14% upside $390	Outperform Maintained	11 Dec 2024