PUI volume surges 35-fold as GE Vernova pops

Invesco DWA Utilities Momentum ETF (PUI) has seen unusual trading volume, which is 35× higher than its average daily volume.

The ETF’s largest holding, GE Vernova, was in focus after Goldman Sachs raised its price target to $1,000 and reiterated a Buy rating, citing expectations for another strong quarter of gas turbine orders and an improving power market. Among other key positions, Oneok saw its Hold rating and $82 price target reaffirmed by Barclays, while Atmos Energy received a higher price target of $184 with an Equal Weight rating. Entergy remained supported by bullish analyst views, with Argus maintaining a Buy rating and a $118 target, and Constellation Energy drew attention as Barclays lifted its price target to $360 and kept an Overweight rating, even as other firms issued mixed recommendations around the name.