GE Vernova FY2024 EPS Forecast Lowered by William Blair

GE Vernova Inc. (NYSE:GEV) – William Blair reduced their FY2024 EPS estimates for GE Vernova in a note issued to investors on Monday, November 18th. William Blair analyst J. Dorsheimer now anticipates that the company will post earnings of $2.20 per share for the year, down from their previous estimate of $2.78. William Blair has a “Outperform” rating on the stock. The consensus estimate for GE Vernova’s current full-year earnings is $2.41 per share. William Blair also issued estimates for GE Vernova’s Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.04 EPS and FY2025 earnings at $8.29 EPS.

Several other brokerages also recently weighed in on GEV. HSBC reissued a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of GE Vernova in a report on Friday, October 4th. Jefferies Financial Group lifted their target price on shares of GE Vernova from $293.00 to $336.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets upped their price target on shares of GE Vernova from $245.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price objective on shares of GE Vernova from $262.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley upped their target price on GE Vernova from $301.00 to $367.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $270.02.

GE Vernova Price Performance

GE Vernova stock opened at $340.90 on Wednesday. The business has a fifty day moving average price of $283.91 and a 200-day moving average price of $213.46. GE Vernova has a 1-year low of $115.00 and a 1-year high of $357.09.

Institutional Investors Weigh In On GE Vernova

Several hedge funds have recently modified their holdings of GEV. Pittenger & Anderson Inc. grew its holdings in GE Vernova by 28.0% in the third quarter. Pittenger & Anderson Inc. now owns 160 shares of the company’s stock valued at $41,000 after purchasing an additional 35 shares during the period. SteelPeak Wealth LLC grew its stake in GE Vernova by 2.5% in the 3rd quarter. SteelPeak Wealth LLC now owns 1,569 shares of the company’s stock valued at $400,000 after acquiring an additional 38 shares during the period. Global Retirement Partners LLC increased its holdings in GE Vernova by 0.9% in the 3rd quarter. Global Retirement Partners LLC now owns 4,507 shares of the company’s stock worth $1,149,000 after acquiring an additional 40 shares in the last quarter. Whittier Trust Co. raised its position in GE Vernova by 1.9% during the third quarter. Whittier Trust Co. now owns 2,106 shares of the company’s stock worth $537,000 after acquiring an additional 40 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in GE Vernova by 21.6% during the third quarter. Dunhill Financial LLC now owns 225 shares of the company’s stock valued at $57,000 after purchasing an additional 40 shares in the last quarter.

GE Vernova Company Profile

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.