35 AI News You Should Not Miss

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. Argus recently raised the price target on the stock to $300 from $190 and kept a Buy rating on the shares. The advisory views GE Vernova as a well-run, financially strong company that is well positioned to take advantage of megatrends such as energy transition, global electrification, and global decarbonization. Though the company’s recent profit record has been spotty, a turnaround is underway, and the outlook for near-term growth is promising, the advisory told investors in a research note.