GE Vernova Inc. (NYSE:GEV) Short Interest Up 22.8% in March
by Amy Steele · The Cerbat GemGE Vernova Inc. (NYSE:GEV – Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 7,288,241 shares, an increase of 22.8% from the March 15th total of 5,933,559 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 2,879,798 shares, the days-to-cover ratio is presently 2.5 days.
More GE Vernova News
Here are the key news stories impacting GE Vernova this week:
- Positive Sentiment: JPMorgan raised its price target to $1,150 and kept an “overweight” rating, implying about a mid‑teens upside from recent levels — a prominent analyst upgrade that can drive buying interest. Benzinga: JPMorgan raise
- Positive Sentiment: CEO Scott Strazik highlighted AI infrastructure as a “massive opportunity” for job growth and demand for power and cooling buildouts — a bullish thematic catalyst if GEV captures AI‑data‑center electrification work. CEO AI comment
- Positive Sentiment: Recent quarterly results showed a large EPS beat and revenue growth, supporting valuation and analyst confidence heading into Q1 results (analysts still expect meaningful EPS this year). No direct link — based on the company’s latest reported results.
- Neutral Sentiment: Pre‑earnings coverage digs into analyst metric forecasts and what could move Q1 results beyond headline revenue/EPS — useful for investors preparing for the coming report. Zacks: analyst projections
- Neutral Sentiment: Market commentary and trending‑stock writeups note GEV’s strong multi‑period share run and elevated investor attention; these stories can amplify flows but don’t change fundamentals by themselves. Zacks: trending stock
- Negative Sentiment: Legal dispute with Vineyard Wind: a Massachusetts judge has blocked GEV from abandoning work on the Vineyard Wind project despite a developer refusal to pay over $300M that GE says is owed. The ruling forces continued work but leaves cash‑collection, project margin and legal risk unresolved — a material operational and credit risk for the offshore wind exposure. Reuters: judge rules
- Negative Sentiment: Ongoing court filings (GE has responded in court) mean the situation could evolve, creating headline risk around potential charges, project delays or additional provisions. Recharge News: legal response
Analysts Set New Price Targets
A number of research firms recently commented on GEV. Morgan Stanley boosted their price target on GE Vernova from $817.00 to $960.00 and gave the company an “overweight” rating in a research note on Monday, March 23rd. Evercore boosted their price target on GE Vernova from $860.00 to $905.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group boosted their price target on GE Vernova from $840.00 to $925.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Erste Group Bank raised GE Vernova to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Robert W. Baird set a $923.00 target price on GE Vernova and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $919.48.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Torren Management LLC bought a new stake in GE Vernova in the fourth quarter valued at approximately $26,000. Cornerstone Financial Management LLC bought a new stake in GE Vernova in the fourth quarter valued at approximately $25,000. Jackson Grant Investment Advisers Inc. boosted its holdings in GE Vernova by 344.4% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 40 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. Wealth Watch Advisors INC bought a new stake in GE Vernova in the third quarter valued at approximately $25,000. Finally, ORG Wealth Partners LLC boosted its holdings in GE Vernova by 241.7% in the fourth quarter. ORG Wealth Partners LLC now owns 41 shares of the company’s stock valued at $27,000 after acquiring an additional 29 shares during the last quarter.
GE Vernova Stock Performance
Shares of GE Vernova stock traded up $23.54 on Friday, hitting $1,001.86. The stock had a trading volume of 2,308,147 shares, compared to its average volume of 2,318,410. The stock has a 50 day moving average of $870.22 and a 200 day moving average of $714.59. GE Vernova has a twelve month low of $306.21 and a twelve month high of $1,009.49. The firm has a market capitalization of $269.36 billion, a P/E ratio of 56.28, a PEG ratio of 3.85 and a beta of 1.43.
GE Vernova (NYSE:GEV – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The company reported $13.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $10.40. GE Vernova had a return on equity of 46.91% and a net margin of 12.83%.The company had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that GE Vernova will post 6.59 earnings per share for the current year.
GE Vernova Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. GE Vernova’s dividend payout ratio is currently 11.24%.
About GE Vernova
GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.
The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.