5 Best Grid Modernization Stocks to Buy for AI Infrastructure

3. GE Vernova Inc. (NYSE:GEV)

Short Percentage of Float: 2.94%

GE Vernova Inc. (NYSE:GEV) is one of the best grid modernization stocks to buy for AI infrastructure.

On April 22, Reuters reported that GE Vernova Inc. (NYSE:GEV) raised its 2026 revenue and adjusted core profit margin forecasts as rising demand from data centers and grid infrastructure strengthened its core businesses. The company now expects 2026 revenue of $44.5 billion to $45.5 billion, up from its earlier forecast of $44 billion to $45 billion, while its adjusted EBITDA margin outlook increased to 12% to 14% from 11% to 13%. Reuters noted that electricity demand from AI-linked data centers is lifting orders for both gas turbines and grid equipment.

The backlog detail makes the story more directly relevant to grid modernization. GE Vernova added $13 billion to its backlog, taking the total to $163 billion, and now expects backlog to reach $200 billion by 2027, a year earlier than previously forecast. Reuters also reported that CEO Scott Strazik expects the company to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end. For AI infrastructure investors, that places GE Vernova Inc. (NYSE:GEV) in the power-equipment layer behind data-center growth, where grid capacity, generation availability, and electrification hardware are becoming key constraints.

GE Vernova Inc. (NYSE:GEV) provides power, wind, and electrification technologies, including gas turbines, grid solutions, power conversion and storage systems, electrification software, consulting services, and related energy infrastructure products.