Goldman Sachs’ 35 AI Superstars

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13.  GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

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. There are numerous factors that make this company a smart investment choice. One of the most important factors is the company’s organic growth and strong market demand, as illustrated in the fiscal year 2024 report. For instance, the company received orders of $44.1 billion, showing a 7% organic growth, led by Power and Electrification equipment and services in each segment. Moreover, revenue was $34.9 billion, reflecting a 5% increase and 7% organic growth driven by the Electrification and Power sectors, contributing to its overall growth. The company’s Onshore Wind business has signed an agreement to provide 14 4.2MW-117m turbines for the Iwaya and Shitsukari wind farms being developed by Eurus near Higashidori, Aomori, Japan. The order was secured in the fourth quarter of 2024, and the projects are expected to reach commercial operations in 2028.

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