5 Best Energy Stocks Capitalizing on the Data Center Boom

2. GE Vernova Inc. (NYSE:GEV)

Upside Potential: 35.85%

Number of Hedge Fund Holders: 118

GE Vernova Inc. (NYSE:GEV) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. On June 9, Barclays cited GE Vernova as one of the companies best positioned for the 800VDC technology, according to a report by Investing.com.

While acknowledging that GE Vernova currently has limited white-space exposure, the analyst emphasized that it brings strong expertise in high-voltage equipment.

On the same day, GE Vernova’s Grid Software business launched GridOS for Transmission, a unified software solution that enables near real-time, coordinated transmission operations.

“By bringing together near real-time operations, capacity awareness, forecasting, and system stability into a single coordinated environment, GridOS for Transmission helps utilities shorten control room decision cycles, improve utilization of existing transmission capacity, and respond faster to rapidly changing grid conditions,” GE Vernova said.

The company said the operating model helps utilities reduce decision latency and operate closer to actual system limits. It also helps identify emerging stability risks earlier and respond more effectively during disturbances and peak-stress events.

Out of 40 analyst ratings compiled by CNN, 78% assigned a Buy rating to GE Vernova, while 20% assigned a Hold rating. The stock has an average price target of $1,250, a 35.85% upside from the current price of $920.15.

GE Vernova Inc. (NYSE:GEV) is a global energy company. It operates segments such as Power, Wind, and Electrification segments and is supported by its accelerator businesses.