10 Best Stocks to Buy for Global Infrastructure Spending

7. GE Vernova Inc. (NYSE:GEV)

Short Percentage of Float: 2.90%

GE Vernova Inc. (NYSE:GEV) is one of the best stocks to buy for global infrastructure spending. The company has had multiple recent project updates tied directly to power infrastructure, with the cleanest global angle coming from India. On May 4, GE Vernova said it secured an order from Megha Engineering & Infrastructures Limited to deliver nine 150-MW pumped-storage units for the 1.35-GW Upper Sileru hydropower plant in Andhra Pradesh. The project is expected to be completed by 2030 and will be among India’s largest pumped-storage hydropower projects. GE Vernova said the plant will be able to store and supply electricity equivalent to the annual needs of about three million Indian homes.

The order fits the infrastructure-spending theme because pumped storage is effectively grid-scale energy infrastructure, not just generation equipment. GE Vernova said the facility is expected to help balance growing solar and wind capacity on India’s national grid, while supporting grid reliability, peak-demand management, and frequency regulation. The company also said its scope includes design, engineering, manufacturing, testing, supply, transportation, and supervision of erection, testing, and commissioning for the nine units and related systems.

GE Vernova Inc. (NYSE:GEV) is a global energy company with Power, Electrification, and Wind segments, supported by accelerator businesses. The company says its installed technology base helps generate about 25% of the world’s electricity.