5 Recent Spin-off Companies That Hedge Funds Are Piling Into

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1. GE Vernova Inc. (NYSE:GEV)

GE Vernova Inc. (NYSE:GEV) ranks among the recent spin-off companies that hedge funds are piling into. On March 23, Evercore ISI boosted its price target for GE Vernova Inc. (NYSE:GEV) from $905 to $940 while retaining an Outperform rating on the company’s shares. The firm noted recent non-deal tour discussions with the energy sector and GE Vernova Inc. (NYSE:GEV) executives as evidence that Q1 is gearing up to be another robust period for contracts and free cash flow.

Evercore ISI also increased its EBITDA projections for fiscal years 2026 through 2028 by 3% to 7%, citing GE Vernova’s earnings growth and visibility in today’s high geopolitical-risk environment.

In addition, on March 10, GE Vernova Inc. (NYSE:GEV) stated that its Global Nuclear Fuel partnership has gained a contract extension with Entergy to deliver fuel to the Grand Gulf and River Bend Station nuclear power facilities until 2035. The deal expands the existing supply contract for four batches of the new GNF4 fuel design.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Middle East, and Africa. The company operates through three segments: Power, Wind, and Electrification.

While we acknowledge the potential of GEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Starter Stock Portfolio: 14 Safe Stocks to Buy Now and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.

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