Is GE Vernova (GEV) the Best Nuclear Energy Stock to Buy Now?

GE Vernova Inc. (NYSE:GEV) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

Is GE Vernova (GEV) the Best Nuclear Energy Stock to Buy Now?

GE Vernova Inc. (NYSE:GEV) brings together General Electric’s former portfolio of energy businesses including Power, Wind, Electrification and Digital businesses. The company’s nuclear business, GE Vernova Hitachi Nuclear Energy (GVH), is a world-leading provider of advanced reactors, fuel, and nuclear services.

GE Vernova Inc. (NYSE:GEV) has emerged as a pioneer of the small modular reactor (SMR) technology and made headlines earlier this year after it received permission to begin construction on its BWRX-300 SMR in Ontario – the first reactor of its type in the Western hemisphere, capable of powering roughly 300,000 homes. Moreover, it was reported in August that Swedish utility Vattenfall has selected Rolls-Royce and GEV to build a series of SMRs in the country. The utility plans to order either five BWRX-300 reactors from GEV or three Rolls-Royce SMRs, to provide a total output of around 1,500 MW.

GE Vernova Inc. (NYSE:GEV) is also aiming to deploy small nuclear reactors across the developed world and targeting over $2 billion in annual revenue from the business by the mid-2030s.

While we acknowledge the potential of GEV as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.