30 AI News Investors Should Not Miss

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14. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 92

GE Vernova Inc. (NYSE:GEV) is an energy company that engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity. Raymond James analyst Pavel Molchanov recently downgraded the stock to Market Perform from Outperform without a price target. The advisory said clean technology stocks just had their best quarter since 2020, and the artificial intelligence-fueled rally for GE Vernova Inc. (NYSE:GEV) felt a bit overstretched, and the stock could use some consolidation. Raymond James pointed out that nearly half of Vernova’s revenue came from services tied to existing power plants, which meant the business model had less direct leverage to newbuilds, particularly in the gas-centric power segment.

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