12 Best Nuclear Power Stocks to Buy Now

2. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) brings together General Electric’s portfolio of energy businesses including Power, Wind, Electrification, and Digital businesses. The company’s nuclear business, General Electric Hitachi Nuclear Energy, is a world-leading provider of advanced reactor, fuel, and nuclear services. 65 nuclear plants currently run on GEV’s technology in the United States.

GE Vernova Inc. (NYSE:GEV) reported a record revenue of $10.56 billion in Q4 2024, up 5.2% YoY, as the growing need for reliable power boosted demand for its gas turbines as well as grid equipment and services. The company’s quarterly net income more than doubled to $484 million, but its EPS of $1.73 still missed expectations by $0.71. GEV also approved an initial $6 billion share repurchase authorization in Q4 and declared a quarterly dividend of $0.25 per share in January.

It was announced earlier this month that GE Vernova Inc. (NYSE:GEV) has signed an agreement with Amazon’s cloud services business to support the e-commerce giant’s data center expansion plans. Under the agreement, the power company will provide electrification solutions, including substation connectivity for AWS data centers, renewable energy collaboration, and power generation equipment. GE Vernova is also aiming to deploy small nuclear reactors across the developed world and targeting over $2 billion in annual revenue from the business by the mid-2030s.