GE Vernova (GEV) Might Have A Long Way To Go Despite Share Gains

GE Vernova Inc. (NYSE:GEV) is one of the 14 Stocks That Will Skyrocket.

This stock, pitched by Enrique Abeyta, is another nuclear stock. He claims that it is slated to benefit from one of the most underrated aspects of the AI buildout, i.e., electricity demand. The firm “already powers multiple AI data centers across the U.S.,” he says, and adds that he now calls it a “$20 million” play since one of his readers made $20 million off of it when it was first recommended in 2024. Despite the performance, Abeyta thinks “this stock has a long way to go,” particularly since a major acquisition might be in play.

Gumshoe wonders whether this stock is GE Vernova Inc. (NYSE:GEV). A spinoff of General Electric, the firm makes and sells nuclear reactors. Its shares are up by 160% over the past year and by 53% year-to-date. Argus discussed the firm on April 27th as it significantly raised the share price target to $1,300 from $800 and kept a Buy rating on the stock. GE Vernova Inc. (NYSE:GEV)’s market positioning and power generation share were among the factors discussed in the coverage.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.