11 Best Alternative Energy Stocks to Buy Right Now

3. GE Vernova Inc. (NYSE:GEV)

Year-to-date returns: 80.30%

Number of hedge fund holders: 111

GE Vernova Inc. (NYSE:GEV) is one of the best alternative energy stocks to buy right now. On August 15, Jefferies reaffirmed its Hold rating on GE Vernova and raised its price target from $620 to $658, citing improved EBITDA projections. The firm updated its financial model, lifting its FY2028 EBITDA estimate by 5%, driven by a shift toward higher-margin service revenue.

Jefferies expects GE Vernova’s Power segment to reach EBITDA margins in the high 20% range by the 2030s, supporting a more positive long-term outlook for the company. While pricing trends remain favorable, the firm flagged potential softening after a competitor reported slower, but still positive, price momentum.

GE Vernova beat Q2 2025 expectations with EPS of $1.86 and revenue of $9.11 billion, up 11% year-over-year and 12% organically. Driven by strong equipment and services performance, the company raised its full-year guidance, projecting revenue near the top of its $36–$37 billion range, boosting its EBITDA margin forecast to 8–9%, and increasing free cash flow guidance to $3.0–$3.5 billion.

GE Vernova Inc. (NYSE:GEV) is a global energy firm specializing in electricity generation, transmission, and storage. It operates through three segments: Power (gas, hydro, nuclear, steam), Wind (onshore and offshore turbines), and Electrification (grid solutions, solar, storage, and software).