GE Vernova surges 34.38% in trading volume ranking 58th in market

On July 17, 2025, GE's trading volume reached 14.72 billion, marking a 34.38% increase from the previous day, placing it 58th in the day's stock market rankings. GE Vernova (GEV) rose by 1.60%, marking its fourth consecutive day of gains, with a total increase of 5.75% over the past four days.

GE Vernova's recent surge is driven by a series of analyst upgrades and institutional investments. Bank of America and Barclays have raised their price targets to $620 and $580, respectively, reflecting confidence in the company's grid modernization and AI-driven energy infrastructure. D. E. Shaw & Co. significantly increased its stake in GE Vernova during the first quarter of 2025, adding 1,967,775 shares to its portfolio, a 1,242.1% increase. This move comes amid $3.34 million in government contracts for the ZENITH program, further bolstering institutional conviction in the stock.

The Electric Utilities sector is experiencing a significant shift, with virtual power plants proving crucial during recent heatwaves. GE Vernova's surge aligns with this broader momentum, as the sector sees increased investment in grid resilience and renewable infrastructure. The Inflation Reduction Act's one-year safe harbor for renewables is expected to accelerate grid infrastructure spending, benefiting GEV's turbine and electrification segments. The company's projected 7.9% revenue growth and $44.8 billion revenue forecast for 2028 position it as a high-conviction play within the sector.

Technical indicators for GE Vernova show a bullish divergence, with a MACD of 22.47 and a signal line of 20.45, indicating momentum acceleration. The RSI stands at 77.18, suggesting an overbought condition, while the 200-day moving average is far below at $366.89. The Bollinger Bands' upper limit is at $566.81, near the 52-week high. Support and resistance levels are at 30-day ($486.40–$488.32) and 200-day ($330.80–$337.03) ranges, confirming institutional conviction with a 5.2% volume surge and a 2.03% turnover rate.