GE Vernova Is Up 22% This Month, But Analysts Still See Upside

Blockhead09-23

GE Vernova (GEV) stock has rallied more than 30% since the beginning of August and analysts believe the General Electric spinoff could go even higher. GEV shares edged up early Monday. On Friday, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469149191?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2018/10/stock-wind-power-21-adobe-150x150.jpg","is_english":true,"pubTime":"2024-09-23 21:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469149191","market":"fut","top_or_hot":-1,"title":"GE Vernova Is Up 22% This Month, But Analysts Still See Upside","media":"Blockhead","content":"<div>\n<p>GE Vernova (GEV) stock has rallied more than 30% since the beginning of August and analysts believe the General Electric spinoff could go even higher. GEV shares edged up early Monday.\nOn Friday, ...</p>\n\n<a href=\"https://www.investors.com/news/ge-vernova-stock-analysts-still-see-upside/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GE Vernova Is Up 22% This Month, But Analysts Still See Upside</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGE Vernova Is Up 22% This Month, But Analysts Still See Upside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-23 21:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/ge-vernova-stock-analysts-still-see-upside/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GE Vernova (GEV) stock has rallied more than 30% since the beginning of August and analysts believe the General Electric spinoff could go even higher. GEV shares edged up early Monday.\nOn Friday, ...</p>\n\n<a href=\"https://www.investors.com/news/ge-vernova-stock-analysts-still-see-upside/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0820561818.USD","symbol_name":"安联收益及增长平衡基金Cl AM DIS","start_time":0,"source_url":"https://www.investors.com/news/ge-vernova-stock-analysts-still-see-upside/","article_id":"2469149191","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2018/10/stock-wind-power-21-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469149191","pubTimestamp":1727098868,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Analysts think the General Electric spinoff has more room to run.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4187":"航天航空与国防","LU0444971666.USD":"天利全球科技基金","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","BK4534":"瑞士信贷持仓","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2298322129.HKD":"BGF SUSTAINABLE ENERGY \"A2\" (HKDHDG) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4082":"医疗保健设备","LU1261432733.SGD":"Fidelity World A-ACC-SGD","BK4501":"段永平概念","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4588":"碎股","LU1548497426.USD":"安联环球人工智能AT Acc","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","SIEGY":"西门子","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","GEV.AU":"Global Energy Ventures","LU0124384867.USD":"贝莱德新能源基金A2","LU0971096721.USD":"富达环球金融服务 A","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","GE":"GE航空航天","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","BK4581":"高盛持仓","LU0106831901.USD":"贝莱德世界金融基金A2","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4504":"桥水持仓","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1978683503.SGD":"Blackrock Sustainable Energy A2 SGD-H","BK4182":"重型电气设备","GEV":"GE Vernova Inc.","BK4127":"投资银行业与经纪业","BE":"Bloom Energy Corp","GEHC":"GE HEALTHCARE TECHNOLOGIES INC","BK4541":"氢能源","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD"},"translate_title":"GE Vernova本月上涨22%，但分析师仍认为有上涨空间","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIEGY":1,"BE":1,"GEV.AU":1,"GEV":1,"GEHC":1,"GE":1},"content_text":"GE Vernova (GEV) stock has rallied more than 30% since the beginning of August and analysts believe the General Electric spinoff could go even higher. GEV shares edged up early Monday.\nOn Friday, Jefferies analyst Julien Dumoulin-Smith raised the firm's price target on GE Vernova to 293, up from 261, while maintaining a buy rating on the stock. That represents nearly 20% upside compared to GEV stock's current trading level.\nDumoulin-Smith wrote that there is growth opportunity through at least 2027 for the company's power and electrification segments. Meanwhile, Morgan Stanley analysts on Monday wrote that GE Vernova is among the companies that could benefit as hyperscalers — the largest cloud, data center and AI operators — look to diversify the ways in which they power data centers, with the market \"underappreciating the natural gas option.\"\n\n\n\n↑\nX\n\n\n\n\nFinding What's Being Rewarded In Every Market Cycle\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nFinding What's Being Rewarded In Every Market Cycle\n\n\n\n\nAnalysts Stephen Byrd and David Arcaro believe GE Vernova, with its natural gas power generation equipment segment, along with Siemens (SIEGY) and Bloom Energy (BE), are among the stocks that could benefit from surging AI demand for electricity.\nMorgan Stanley has a price target on GEV of 256, representing 4% upside from current levels.\nLast week, Bank of America analyst Andrew Obin upgraded GE Vernova to buy from a neutral rating with a price target of 300, up from 200. Obin wrote that rising grid-related spending is a \"well-known tail wind\" for the electrification segment but that the gas power services story is \"less appreciated by investors.\"\nOn Friday, Bloomberg reported that GE Vernova planned a transformation of its struggling offshore wind business. The revisions, aimed at creating a leaner, more profitable operation, could include the layoff of 900 workers.\nMeanwhile, Barclays initiated coverage of GE Vernova on Sept. 16 with an overweight rating and a 250 price target.\nStock Performance: GE Vernova\nGE Vernova advanced 0.8% during early market trading on Monday. GEV shares closed on Friday at 245.46. The stock broke out of a seven-week base in mid-August. Shares are up 32% from that breakout.\nMeanwhile, the 56 stocks in the IBD tracked Energy-Alternative/Other industry group have collectively gained more than 27% in 2024, according to MarketSurge.\n\nGE Vernova emerged from General Electric's big, long-term breakup earlier this year, with spinouts of GE Aerospace (GE) and GE HealthCare Technologies (GEHC). GE Aerospace kept the GE ticker symbol.\nBefore the spinouts, General Electric shed a number of assets and operations over a series of years, from lighting to locomotives. In November 2017, GE began signaling the breakup process amid financial troubles.\nGE Vernova reports third-quarter earnings and revenue in late October. The company will also be hosting an investor conference on Dec. 10. Analysts expect Q3 earnings of 37 cents per share with revenue totaling $8.82 billion.\nGEV has already announced it expects a Q3 $300 million EBITDA loss from its wind energy business. In March, GE Vernova announced it is targeting 10% EBITDA by 2028.\nThe company is also expecting on the back of strong demand for grid equipment that its electrification backlog will triple to around $18 billion by the end of 2024.\nGE Vernova stock has an 89 Composite Rating out of a best-possible 99. The tock also has a 96 Relative Strength Rating and a 70 EPS Rating.\nPlease follow Kit Norton on X @KitNorton for more coverage.\nYOU MAY ALSO LIKE:\nIs Tesla Stock A Buy Or A Sell?\nGet Full Access To IBD Stock Lists And Ratings\nLearning How To Pick Great Stocks? Read Investor's Corner\nAI Is Fueling A 'Nuclear Renaissance.' Bill Gates And Jeff Bezos Are In The Mix.\nBulls In Control With Three Titans In Buy Areas; What To Do Now","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469149191"}