Sizzling Returns: 5 Energy Stocks That Just Hit New All-Time Highs

4. GE Vernova Inc. (NYSE:GEV)

YTD Return as of April 28: 60.24%

GE Vernova Inc. (NYSE:GEV) engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa.

GE Vernova Inc. (NYSE:GEV) rallied to a new high after comfortably beating estimates in its Q1 2026 report on April 22, with the company’s adjusted EBITDA and revenue posting growth of 87% YoY and 16%, respectively. Net profit also skyrocketed to $4.75 billion, up from $264 million in the same period last year. Notably, GEV generated a free cash flow of $4.8 billion in the first quarter, more than what it delivered in the whole of 2025.

GE Vernova Inc. (NYSE:GEV) booked orders of $13 billion in Q1 and now expects to reach its $200 billion backlog goal in 2027, versus its previous forecast of 2028. Moreover, following the impressive performance in the first quarter, the company increased its FY 2026 revenue guidance to $44.5-$45.5 billion, up from its previous forecast of $44-$45 billion. It also raised its free cash flow target for the year to $6.5 billion and $7.5 billion, up from $5 billion to $5.5 billion previously.

Following the strong first-quarter report, the analysts from firms like Barclays, TD Cowen, and several others raised their respective price targets on GE Vernova Inc. (NYSE:GEV), further bolstering investor confidence in the stock.