Is GEV a good stock to buy? We came across a bullish thesis on GE Vernova Inc. on Crack The Market’s Substack by Ozeco. In this article, we will summarize the bulls’ thesis on GEV. GE Vernova Inc.’s share was trading at $985.92 as of April 15th. GEV’s trailing and forward P/E were 55.73 and 67.57 respectively according to Yahoo Finance.
GE Vernova is pure-play electrification and power infrastructure leader positioned at the center of a multi-decade electricity demand supercycle driven by AI data centers and industrial reshoring. Spun from General Electric in 2024, GE Vernova combines gas power, grid electrification and wind, and generates ~25% of global electricity through a base of ~7,000 gas turbines and 57,000 wind turbines. GE Vernova operates across three segments: Power, Electrification, and Wind, with a revenue base of $38bn and a diversified mix of products and high-margin services.
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In 2025, it generated $3.7bn free cash flow with 8.4% EBITDA margins and a $150bn backlog, providing long-duration visibility and strong earnings compounding potential. Power is the largest segment led by gas turbines where GE Vernova is global leader in >100MW units supported by high-margin services with long-term contracts and strong renewals. Electrification provides grid infrastructure HVDC transmission, transformers, and grid automation, positioning GE Vernova as a key enabler of power distribution upgrades.
Wind remains a smaller but important segment, with onshore leadership outside China and growing offshore exposure alongside improving technology and installed base services revenue. The $150bn backlog is concentrated in Power and Electrification, reflecting decades of contracted services, equipment orders, and demand visibility from AI and grid expansion.
Structural demand from AI data centers, electrification, and reshoring is tightening power supply enabling GE Vernova to benefit from pricing power, mix shift and accelerating margin expansion toward 2030. With underappreciated earnings power and competitive positioning versus Siemens Energy, GE Vernova is viewed as long-duration compounder in industrials.
Previously, we covered a bullish thesis on Quanta Services, Inc. (PWR) by Bulls On Parade in May 2025, which highlighted AI-driven grid modernization and data center infrastructure buildout as key growth drivers. PWR’s stock price has appreciated by approximately 102.41% since our coverage. Ozeco shares a similar view but emphasizes GE Vernova’s integrated power generation and grid equipment leadership supported by a $150bn backlog and long-duration services visibility.
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.
Disclosure: None.
