#2 - GE Vernova (NYSE:GEV)
The demand for lower power cooling is growing right along with demand for more data centers. That brings us to the next company on our list, GE Vernova (NYSE: GEV), the former energy division of General Electric Co. (NYSE: GE) which spun off in 2024.
At the beginning of 2025, the company is using natural gas to power data centers. However, as nuclear energy becomes a viable option in coming years, the company is well positioned to deliver nuclear power solutions through its GE Hitachi Nuclear Energy Alliance, a world-leading provider of advanced reactors, fuel, and nuclear services.
The company’s BWRX-300 small modular reactor (SMR) is of specific interest to the nuclear sector. It features an innovative, simplified configuration that results in less concrete and steel for a cost-competitive solution. Analysts expect this to be the next stage of nuclear development.
Growth in nuclear power is one reason that GE Vernova is forecasting high single-digit revenue growth through 2028. To help facilitate that growth, the company has plans for about $5 billion in research and development in that period.
About GE Vernova
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.
Read More - Current Price
- $366.30
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 21 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $314.35 (14.2% Downside)
