We recently compiled a list of the Why These 10 Large-Cap Stocks are Skyrocketing. In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against the other large-cap stocks.
On January 23, Mike Bailey, FBB Capital Partners director of research, appeared on CNBC where he shared his outlook on the large caps. Bailey was happy with how the macroeconomic conditions were looking for the United States, especially with the job growth, in 2025 and beyond.
He particularly remained confident that large caps were better positioned to report earnings growth than the small caps, especially when looking for long-term growth and expectations of exceeding goals.
Ten companies in diverse sectors such as the financials, healthcare, technology, and energy industries, locked in overall positive market gains due to supportive market conditions, macroeconomic environment, and growth potential. That said, let’s take a look at the 10 large-cap stocks that happen to be skyrocketing.
To come up with the 10 names, we only considered stocks with a market capitalization of more than $10 billion. We then shortlisted the stocks based on their performance in the past quarter and picked the top 10 with the highest 30-day return from December 22, 2024, to January 22, 2025.
Wind turbines against a backdrop of the sky, signifying the power of renewable energy.
GE Vernova Inc. (NYSE:GEV)
30-day Return as of January 22, 2025: 23.4%
GE Vernova Inc. (NYSE:GEV) is an electric services company with nearly 55,000 wind turbines and 7,000 gas turbines that help generate almost 25% of the world’s electricity. By 2030, the company plans to become carbon-neutral in its facilities and operations.
The company’s position and scale of operations can support the energy transition, especially through its recent technological advancements. While GEV missed earning expectations for the fourth quarter of 2025, the company maintained its 2025 outlook and eyes considerable growth in the coming year.
In the fourth quarter of 2024, GE Vernova Inc. (NYSE:GEV) generated record orders of $13.2 billion, up by 22% organically, led by its power and electrification equipment segments. The company also closed the year with more than $8 billion in cash, reaffirming its 2025 guidance. During the last quarter, the company also funded $0.3 billion in research and development to accelerate the development of energy transition technologies.
Overall GEV ranks 5th on our list of the large-cap stocks that are skyrocketing. While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. 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 the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
