1. GE Vernova Inc. (NYSE:GEV)
Market Capitalization: $98.39 billion
Number of Hedge Fund Holders: 111
Number of Billionaires: 20
Total Value of Billionaire Holdings: $2,978,174,541
GE Vernova Inc. (NYSE:GEV) is a global energy technology company that specializes in developing technologies that support the creation of sustainable electric power. The company operates through three main business segments including Power, Wind, and Electrification. The company came into being after being spun off from General Electric in April 2024.
On April 24, William Blair analyst Jed Dorsheimer reiterated his Buy rating on the stock. The analyst rating is backed by the strong market position and growth potential of the company. It exceeded market expectations in fiscal Q1 2025 and has reaffirmed its guidance for the next year. This is particularly notable due to the tariff impact. Moreover, Dorsheimer noted that while the demand for power and electrification remains robust, the company has already sold out its gas turbine slots through 2028, whereas, the orders are extending to 2030. This gives the company a significant growth runway.
GE Vernova Inc. (NYSE:GEV) released its Q1 2025 results on April 23. It grew its orders by 8% year-over-year to reach $10.2 billion. This growth was driven by the Power segment, with Power-related orders growing 28% organically. The company has a strong backlog of $4.4 billion, with 29 gigawatts of Gas Power equipment in the backlog. It is the best new stock to buy according to billionaires.
Artisan Global Opportunities Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q4 2024 investor letter:
“Notable adds in the quarter included GE Vernova Inc. (NYSE:GEV) and Oracle. GE Vernova is the power, wind and electrification spinoff from the former GE conglomerate. The company benefits from large global market shares across its businesses, high barriers to entry and a substantial installed base that generates multiyear service revenue streams. Now that the company is standing on its own, we believe it is in the early innings of a turnaround story while benefiting from an attractive underlying demand environment. As the world continues to decarbonize, the resulting need for power, wind and electrification equipment is poised to drive attractive growth over the coming years. Our work on AI data center growth and electrification implications strengthened our conviction in GE Vernova in the quarter, particularly its natural gas business, which we believe will need to act as a bridge fuel as technology companies try to balance AI data center growth with decarbonization targets.”
While we acknowledge the potential of 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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.
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