10 Best Energy Infrastructure Stocks That Will Skyrocket

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3. NextEra Energy, Inc. (NYSE:NEE)

Market Cap: $170 billion

Number of Hedge Fund Investors: 80

With a market cap of $170 billion, NextEra Energy, Inc. (NYSE:NEE) is the largest electric utility in the United States. Given the rising electricity demand, the company has increased its adjusted earnings per share by 9.5% YoY through the first nine months of 2026, with a target for further earnings growth of 8% or more each year from now through 2032.

A major growth catalyst for NextEra is its plan to acquire Dominion Energy in a $66.8 billion deal, potentially creating the world’s largest regulated electric utility business by market capitalization. For NextEra, the deal will give it access to the largest data center cluster in the world in Northern Virginia, while Dominion will benefit from the former’s generation-development capabilities and large scale.

That said, the potential transaction has been faced with intense regulatory and political scrutiny since its announcement earlier in May. With a number of states pressing for commitments on electric bill affordability, job protections, and clean-energy investments, regulators are increasingly viewing the transaction from the perspective of consumer protection rather than corporate efficiency.

NextEra ranks 6th in our list of Gemini Latest Stock Portfolio: 7 Top Picks. Click HERE to see which stocks outranked it.

2. Quanta Services, Inc. (NYSE:PWR) 

Market Cap: $94.3 billion

Number of Hedge Fund Investors: 100

Quanta Services, Inc. (NYSE:PWR) is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline, and energy industries.

Quanta has become a go-to for AI data center build-outs thanks to its work in power grid updates. As a result, its total backlog reached a record $63.7 billion at the end of Q3 2026, including $41.8 billion in remaining performance obligations. The massive figure gives investors visibility into contracted work as utilities expand electricity networks and customers pursue large infrastructure projects.

Quanta Services also topped both earnings and revenue estimates in its Q3 report on October 29, with revenue, adjusted EBITDA, and adjusted diluted EPS all achieving strong double-digit growth. Management also raised its full-year adjusted EBITDA guidance to the range of $17.90 and $18.30 and revenue guidance to between $41.3 billion and $41.6 billion.

That said, while the record backlog is encouraging, it also includes estimated orders under master service agreements and certain non-fixed price contracts. Additionally, the company must successfully convert that work into revenue and cash while managing execution costs.

Polen Capital, an investment management company, stated the following regarding Quanta Services in its “Polen Focus Growth Strategy” Q3 2026 investor letter:

“Additionally, we acquired a new position in Quanta Services, Inc., North America’s largest specialty infrastructure contractor, mostly focused on the electric power grid in North America. Quanta provides end -to -end services for electric utilities, renewables developers, hyperscalers, pipelines, and industrial customers. We view the company as a picks -and -shovels beneficiary of grid modernization, rising electricity demand, and the broader infrastructure buildout. Importantly, much of this work relates to essential infrastructure needs and multi -year projects, which can be constrained by permitting, supply chain, and skilled labor availability. We believe the company’s capabilities and positioning should support growth over time.”

Quanta Services, Inc. ranks 3rd on our list of the 10 Fastest-Growing Grid Construction Stocks to Buy Now. The top stock on that list grew its revenue by over 45% in the latest quarter.

1. GE Vernova Inc. (NYSE:GEV) 

Market Cap: $236.5 billion

Number of Hedge Fund Investors: 106

GE Vernova Inc. (NYSE:GEV) is the world leader in natural gas and wind turbines. The company’s equipment helps generate approximately 25% of the world’s electricity.

Given the strong power demand, GEV’s orders surged by 96% YoY to $29.3 billion in the third quarter, with Power segment orders nearly tripling on demand ​for gas ⁠turbines and services, lifting its total backlog ⁠to $197 billion.

Notably, GE Vernova is translating this demand into financial improvement rather than simply a very large order book. The company reported stronger-than-expected results in its Q3 report on October 28 and raised its 2026 forecasts for both revenue and free cash flow. It also ​doubled its share buyback ⁠authorization to $20 billion, leaving $10.1 billion available for repurchases.

At the same time, GEV also announced the acquisition of high-voltage grid equipment maker Trench Group as the company moves to expand its grid business. The $9 billion deal also strengthens the firm’s footprint in Europe and Asia and brings a backlog of about $5 billion. The transaction is expected to close in late 2027.

That said, GEV’s Wind business has been a drag, hurt by the weak onshore demand and higher offshore project costs. The company expects the segment to report EBITDA losses of between $400 million and $500 million for 2026, though third-quarter EBITDA ​improved to $72 million from a year-earlier loss of $61 million.

Is Jim Cramer bullish on GEV? Check out HERE.

While we acknowledge the risk and potential of GEV as an investment, we believe certain AI infrastructure stocks offer far stronger long-term potential at a much more attractive entry point. If you are looking for an AI stock more promising than GEV that operates as a critical AI tollbooth and stands as the most important company in the world, check out our report about this must-own AI stock.

READ NEXT: 10 Best Transportation Stocks to Buy According to Hedge Funds and 11 Best Semiconductor Stocks with Huge Upside Potential.

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