Is GEV a good stock to buy now? We came across a bullish thesis on GE Vernova Inc. on R. Dennis’s Substack by OppCost. In this article, we will summarize the bulls’ thesis on GEV. GE Vernova Inc.’s share was trading at $847.65 as of March 11th. GEV’s trailing and forward P/E were 47.92 and 59.88 respectively according to Yahoo Finance.
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GE Vernova has become one of the primary beneficiaries of the global electricity demand surge tied to artificial intelligence, data centers, and large-scale electrification. Since its spin-off, the company’s stock has surged dramatically, rising from roughly $252 to around $811 within a year, reflecting investor recognition that power generation and grid infrastructure are critical enablers of the AI economy. Despite the strong rally, a large institutional trader recently placed a notable $46 million notional options bet that highlights continued confidence in the company’s long-term fundamentals.
The trade involved selling 1,000 January 15, 2027, $460 put contracts for $24 each, generating $2.4 million in upfront premium and effectively establishing a break-even price near $436. With the stock trading around $811, this position implies a margin of safety of more than 40%, meaning the shares would need to decline nearly by half before the position begins to incur losses. The conviction behind this trade is supported by GE Vernova’s powerful operational momentum.
The company finished 2025 with a $150 billion backlog, reflecting strong demand for gas turbines and energy infrastructure, while management expects contracted turbine capacity to reach roughly 100 gigawatts by the end of 2026. Tight supply conditions are also enabling new turbine orders to be priced 10–20% higher than existing backlog levels, reinforcing the company’s pricing power.
Beyond turbines, GE Vernova’s acquisition of Prolec GE has strengthened its position in transformers and grid equipment, benefiting from rapidly growing data center electrification demand. Management has also increased its 2026 EBITDA margin outlook to 11%–13%, targeting approximately 20% by 2028, while supporting shareholders through a $10 billion buyback authorization and a doubled dividend of $0.50 per share, creating additional downside support for the stock.
Previously, we covered a bullish thesis on Quanta Services, Inc. (PWR) by Bulls On Parade in May 2025, which highlighted the company’s leadership in electric grid modernization, AI-driven power infrastructure demand, strategic acquisitions, and strong backlog supporting long-term growth. PWR’s stock price has appreciated by approximately 94.16% since our coverage. OppCost shares a similar view but emphasizes GE Vernova Inc.’s turbine backlog, electrification demand from AI data centers, and strong pricing power.
GE Vernova Inc. is on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 115 hedge fund portfolios held GEV at the end of the fourth quarter which was 108 in the previous quarter. 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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Disclosure: None.
