10 Best Alternative Fuel Stocks To Buy According to Hedge Funds

1. GE Vernova Inc. (NYSE:GEV)  

Number of Hedge Fund Holders: 89

GE Vernova Inc. (NYSE:GEV) is a prominent manufacturer and service provider in the energy equipment sector. The company’s portfolio includes the Power segment, which specializes in gas turbines and services; the Electrification segment, which focuses on grid solutions and power conversion; and the Wind segment, which encompasses both onshore and offshore wind solutions. GE Vernova Inc.’s (NYSE:GEV) technology supports approximately 55,000 wind turbines and 7,000 gas turbines operating across more than 100 countries.

GE Vernova Inc. (NYSE:GEV) is actively expanding its manufacturing capacity to meet the growing demand for gas turbines, particularly in Aeroderivative and Heavy-Duty Gas Turbines, which provide efficient power and flexible fuel options. The company plans to deliver between 70 to 80 heavy-duty gas turbines annually starting in 2026, up from 55 in recent years. This expansion is driven by the increasing demand from hyperscalers and the need for baseload power in data center parks.

Moreover, GE Vernova Inc. (NYSE:GEV) is implementing lean manufacturing practices across its operations to improve quality, reduce costs, and increase efficiency. For example, the heavy-duty gas turbine team has enhanced standard work processes, resulting in a 20% improvement in quality control. Additionally, the company is leveraging lean principles to double the manufacturing output of its power transmission business with minimal capital expenditure, primarily through better asset and labor utilization.

While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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