10 Important AI News on Investor Radars

4. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

GE Vernova Inc. (NYSE:GEV) offers energy solutions across gas, nuclear, wind, solar, and storage, focusing on electrification and power conversion to meet increasing electricity demand for data centers.

On January 22, GE Vernova (NYSE:GEV) reported its Q4 earnings with an EPS of $1.73 and revenue of $10.56 billion, missing estimates for both by $0.71 and $140 million. However, several analysts still remain bullish on the company. On January 23, Truist analyst Jordan Levy increased the price target for the company stock to $470 from $420 and maintained a Buy rating.

Levy highlighted strong booking momentum and growing interest in AI infrastructure, especially with the Stargate Project. He also pointed to better-than-expected electrification orders as another positive factor for the company’s growth, which reinforces the outlook for GE Vernova as a leader in the energy transition sector.