GE Vernova Rides Electricity Boom as Cramer Endorses Stock and Price Target Climbs

GE Vernova Inc. (NYSE:GEV) is one of the 12 Jim Cramer Stock Picks this Week.

Pointing to a Bull market in electricity, Jim Cramer gives a green signal to the stock purchase, and subsequently, the company’s target price rises.

GE Vernova Rides Electricity Boom as Cramer Endorses Stock and Price Target Climbs

The second quarter earnings results reported on July 23, 2025, highlighted a revenue of $9.11 billion, an 11% increase compared to the same period last year. During the quarter, the company’s backlog also saw an increase of more than $5.2 billion sequentially. Later, on September 11, 2025, the company announced that TPG would acquire its Proficy manufacturing software business for $600 million. The proceeds are expected to be reinvested in its core grid software business.

Jefferies raised GE Vernova Inc. (NYSE:GEV)’s price target from $658 to $668, while maintaining a Hold rating on the stock, suggesting a higher potential value for the stock in the future. According to Jim Cramer, the growth of data centers maintains a Bull market for electricity, which favors GE Vernova Inc. (NYSE:GEV).

With 106 hedge funds invested in stock as per the Insider Monkey database, the company also benefits from strong institutional confidence.

GE Vernova Inc. (NYSE:GEV) is a global energy company headquartered in Massachusetts. It is a spin-off of General Electric’s energy businesses and was incorporated in 2024. The company aims to electrify and decarbonize the world by providing a wide range of power, wind, and electrification solutions.

While we acknowledge the risk and potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GEV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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