GE Vernova downgraded by HSBC Securities with a new price target
$GEV
HSBC Securities downgraded GE Vernova from Buy to Hold and set a new price target of $255.00 from $240.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $385.00 | Overweight | Wells Fargo |
| 10/30/2024 | Outperform → Buy | Daiwa Securities | |
| 10/21/2024 | $354.00 | Buy | Deutsche Bank |
| 10/4/2024 | $240.00 → $255.00 | Buy → Hold | HSBC Securities |
| 10/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 9/26/2024 | $300.00 | Buy | Truist |
| 9/26/2024 | Perform | Oppenheimer | |
| 9/24/2024 | $300.00 | Buy | Guggenheim |
4 - GE Vernova Inc. (0001996810) (Issuer)
4 - GE Vernova Inc. (0001996810) (Issuer)
4 - GE Vernova Inc. (0001996810) (Issuer)
SC 13G - GE Vernova Inc. (0001996810) (Subject)
SC 13G - GE Vernova Inc. (0001996810) (Subject)
Wells Fargo initiated coverage of GE Vernova with a rating of Overweight and set a new price target of $385.00
Daiwa Securities upgraded GE Vernova from Outperform to Buy
Deutsche Bank initiated coverage of GE Vernova with a rating of Buy and set a new price target of $354.00
424B3 - GE Vernova Inc. (0001996810) (Filer)
10-Q - GE Vernova Inc. (0001996810) (Filer)
8-K - GE Vernova Inc. (0001996810) (Filer)
NYSE issuers raise $12 billion as IPO activity builds momentum Welcomes 7 of the 10 largest U.S. transactions The Big Board continues to drive exchange transfers The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $12 billion in IPO proceeds for the first half of 2024, setting the pace globally as IPO activity regained momentum compared to the prior two years. The NYSE listed 7 of the 10 largest U.S. transactions so far this year, including the two largest IPOs: Viking Holdings (NYSE:VIK) and Amer Sports (NYSE:AS). The exchange also led the re-emergence of technology IPO
JP Morgan analyst Mark Strouse maintains GE Vernova (NYSE:GEV) with a Overweight and raises the price target from $195 to $216.
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
GE Vernova Inc. (NYSE:GEV) reported second-quarter 2024 revenue growth of 1% year-over-year to $8.204 billion, missing the consensus of $8.259 billion. Revenue was driven by strength in Electrification and Power and positive pricing in all segments. Services revenue grew 7% and 9% organically. Orders totaling $11.8 billion decreased 7% organically, mainly due to the cancellation of a large Offshore Wind equipment order from the previous year. Service orders saw double-digit growth, driven by Power and Electrification. EPS for the quarter stood at $4.65, compared to $(0.55) a year ago. Net income recovered to $1.28 billion from a loss of $149 million last year. Adjusted EBITDA mar