10 Best Debt Free Stocks to Buy Now

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1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holdings: 89

Market Capitalization as of January 31: $102.79 Billion

Enterprise Value: $101.86 Billion

GE Vernova Inc. (NYSE:GEV) is a leading global energy technology company that is dedicated to providing advanced solutions in power generation, electrification, and renewable energy. The company was created as an independent entity from a spin-off from General Electric in 2024 and generates revenue through the sale of wind turbines, power generation equipment, and energy management software.

GE Vernova Inc. (NYSE:GEV) is at the forefront of developing and implementing decarbonization technologies to address the global need for sustainable energy. The company is advancing carbon capture and sequestration (CCS) technology, which is crucial for reducing carbon emissions from power generation plants. The company’s Net Zero Teesside Power project is expected to be the first gas-fired power station fully integrated with CCS technology. Additionally, GE Vernova Inc. (NYSE:GEV) is collaborating with multiple large U.S. utilities to accelerate the deployment of its small modular nuclear reactor, the BWRX-300.

GE Vernova Inc. (NYSE:GEV) is experiencing robust demand for gas generation, driven by the need for reliable power and grid modernization. In 2024, the company secured approximately 20 gigawatts of gas orders, doubling the previous year’s level. The company is now focusing on expanding its production capacity and aims to produce 70 to 80 heavy-duty gas turbines per year by the second half of 2026, up from 48 in 2024. This expansion is crucial to meet the growing demand, particularly from data center hyperscalers driven by the AI boom.

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: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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