GE Vernova (GEV) shares jumped in intraday trading Monday after the recently spun-off energy division of conglomerate General Electric received its first upgrade, from JPMorgan (JPM) analysts.

The analysts upgraded GE Vernova to "澳洲幸运5官方开奖结果体彩网:overweight" from "neutral," indicating their confidence that the stock should perform better in the future. Analysts held their year-end 澳洲幸运5官方开奖结果体彩网:price target at $141, aboꦍut 15% above wher﷽e GE Vernova closed last week at $122.70.

Last week, General Electric completed its s🦋plit into three separate publicly traded companies, which it 澳洲幸运5官方开奖结果体彩网:first announced in late 2021. The health unit was spun off last year to become GE Healthcare Technologies (GEHC), and the energy and aerospace technology companies split last week to become GE Vernova and GE Aerospace (GE), respectively.

Analysts and investors have spent the first week since the split determining at what price GE Aerospace and GE Vernova should trade, and what value the companies have apart from each other. Many will likely be looking to GE Vernova's first earnings report as its own entity before the bell April 25 as an indicator of how the energy-based company will fare on its own, with JPMorgan analysts calling the next few quarterly reports "key catalysts" for the stock's outlook.

JPMorgan analysts wrote Monday that they view GE Vernova's 14% stock-price pullback from last week's debut as an "attractive entry point for what we believe will be a core holding for investors in the US/global electrification theme."

They also wrote that the company could benefit from increased electricity demand from things like data centers that power 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) models.

Bank of America analysts reiterated a "buy" rating and adjusted their price target of GE Aerospace in a Monday note to compensate for its new structure as a standalone company, to $165 from the $175 pre-spinoff target. GE Aerospace shares closed Friday at $156.30.

GE Vernov♋a stock was up 6.0% at $130.00 as of about 1:30 p.m. ET Monday. GE Aerospace was down about 0.4% to $155.69.