30 Most Important AI Stocks According to BlackRock

19. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 92

GE Vernova Inc. (NYSE:GEV) is an energy company that engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity. The company was recently named a top investment idea in the clean energy sector by investment advisory Jefferies. The advisory initiated coverage of the stock with a Buy rating and a price target of $261. In an investor note, Jefferies analyst Julien Dumoulin-Smith noted that positive estimate revisions and conservative guidance should make the shares shine versus peers, and forecast FY 2025 and 2026 EBITDA of $3.5 billion and $4.7 billion, respectively, compared to the FactSet consensus of $3 billion and $4.2 billion.

The demand for electricity is rising as hyperscalers construct AI data centers to support their AI software offerings. GE Vernova Inc. (NYSE:GEV), one of the leading power companies in the US, is well-positioned to capitalize on this surge. The company is also leveraging AI to enhance power management, having recently launched AI-powered autonomous inspection software aimed at revolutionizing energy asset inspections.