13 Best Energy Stocks to Buy Right Now

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2. GE Vernova Inc. (NYSE:GEV)

No. of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) brings together General Electric’s portfolio of energy businesses, including Power, Wind, Electrification, and Digital businesses. With approximately 57,000 wind turbines and 7,000 gas turbines, GEV’s technology base helps generate approximately 25% of the world’s electricity and has a meaningful role to play in the transition to clean energy.

GE Vernova Inc. (NYSE:GEV) reported a strong performance in Q1 2025 as its adjusted EPS of $0.85 topped expectations by $0.48. The company’s revenue also surged by 10.63% YoY to around $8 billion and beat expectations by $483.8 million, on the back of strength in its power and electrification units. GEV reported total orders of $10.2 billion in the quarter, up roughly 8%, with its total backlog now standing at a hefty $123 billion. The energy firm’s nuclear energy business is also set to receive a significant boost as it recently received approval to build its first small modular nuclear reactor in Canada. Unsurprisingly, with 20 billionaire investors at the end of Q4 2024 in the IM database, the stock is included among the 10 Best Nuclear Energy Stocks to Buy According to Billionaires.

GE Vernova Inc. (NYSE:GEV) reaffirmed its full-year 2025 guidance of $36 billion to $37 billion in revenue and a high-single-digit EBITDA margin, but added that it includes a cost impact of $300 million to $400 million due to tariffs.

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