10 Best Performing S&P 500 Stocks in 2025

8. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 108

Year-to-Date Performance as of December 22: 101.20%

GE Vernova Inc. (NYSE:GEV) is one of the best performing S&P 500 stocks in 2025. On December 18, Baird raised the firm’s price target on GE Vernova to $816 from $706 and maintained an Outperform rating on the shares. This sentiment was announced as the firm broadly updated its model after the company’s investor update.

Additionally, later on December 22, GE Vernova announced that its Electrification Systems business received a major contract from Adani Energy Solutions Ltd. to provide high-voltage direct current/HVDC technology for the Khavda–South Olpad transmission corridor in India. This project is designed to evacuate renewable power from the Khavda renewable energy zone in Gujarat’s Kutch region to South Olpad, a critical injection point for the national grid.

The project features a 2.5-gigawatt (2,500 MW) capacity, making it the highest-rated voltage-sourced converter/VSC-based HVDC system ever planned in India. GE Vernova will supply a ±500 kV bipolar system consisting of two 1,250 MW links. The scope of work includes the design of the complete system, the supply of major converter station equipment, and the oversight of erection, testing, and commissioning, though it excludes associated civil works.

To ensure stable and efficient grid operations, the system will use the advanced eLumina control platform. The project will be managed primarily by GE Vernova’s India-based teams to use local engineering and manufacturing expertise. Execution is scheduled in phases, with the completion target set for 2030. While the award was announced in late 2025, GE Vernova expects to formally book the order in H1 2026.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services to generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Americas, the Middle East, and Africa. It operates through three segments: Power, Wind, and Electrification.