Billionaire Investors Back GE Vernova Inc. (GEV) as Top Pick in Nuclear Energy Sector

We recently released a list of the 10 Top Nuclear Energy Stocks That Millionaires Favor Based On Their Investments In this piece, we will examine how GE Vernova Inc. (NYSE:GEV) measures up against other top-performing companies in the nuclear sector.

Currently, nuclear power generates slightly below 10% of the worldwide electrical output, making it the second largest producer of low-carbon electricity globally. The figure is anticipated to increase substantially since the International Energy Agency reports that more than 70 gigawatts of additional nuclear capability are currently being built across the planet. Moreover, over 40 nations worldwide plan to enhance nuclear power's contribution within their respective energy frameworks. In the U.S., although nuclear accounts for less than 8% of the nation’s operational generating capacity, it supplied more than 19% of the country’s electricity in 2024.

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Nuclear power has become a leading option for fueling the expanding AI industry and its associated data centers. As per recent projections from Deloitte, the electrical needs of data centers might increase five times by 2035, hitting around 176 gigawatts. It is anticipated that roughly 10 percent of this requirement will be fulfilled through nuclear sources. In fact, just last month, numerous major technology corporations convened during the CERAWeek event in Houston and committed themselves to backing an initiative aimed at boosting global nuclear energy output threefold by mid-century.

However, the challenge lies in the fact that numerous such projects require several years to complete, with some potentially taking a decade or longer. These initiatives come at enormous costs—measured in billions—and frequently encounter difficulties associated with delays and budget overruns, factors that may compromise their financial feasibility and competitive edge. One potential answer comes via Small Modular Reactors (SMRs), each capable of generating up to 300 megawatts of power. These reactors promise faster deployment along with significant opportunities for reducing expenses. Additionally, they can be manufactured in factories using standardized components and are considered adaptable enough to serve individual clients, such as data centers or large-scale industrial facilities. According to the International Energy Agency (IEA), provided adequate backing, SMR deployments might total around 80 gigawatts by 2040, representing approximately ten percent of global nuclear energy production capacities.

Even with an unprecedented rise in demand for nuclear energy, many stocks within the industry have experienced considerable drops during the past year because of plummeting uranium prices, which dropped about 37% since January 2024. This downturn partly comes down to escalating disagreements between the U.S. and Canada—a key source providing most of America’s uranium supply. Additionally, expectations regarding possible easing of sanctions against Russia contribute further pressure on uranium values; Russia had been supplying more than half of all enriched uranium used commercially across the U.S. throughout 2022 and into 2023.

Nevertheless, the nation prohibited the entry of Russian uranium during the previous year to encourage local production. Additionally, the Department of Energy received $2.7 billion in financing aimed at fostering the expansion of America’s nuclear fuel supply network. Consequently, this led to a surge of 24% in homegrown uranium output across five U.S. sites located in Wyoming and Texas over the course of 2024. Furthermore, following President Trump’s directive for an investigation into possible tariffs on essential minerals like uranium, investors are increasingly purchasing shares in American-based uranium firms.

Our Methodology

To gather data for this article, we examined Insider Monkey’s database of billionaires and selected the top 10 firms in the nuclear power industry that attracted the most hedge fund investors during Q4 of 2024. In cases where multiple companies had an equal number of billionaire backers, they were ordered based on their market capitalization at the time of our write-up. Here are those rankings: Top Nuclear Energy Stocks as Identified by Billionaires .

At Insider Monkey, we have an intense focus on the stocks that hedge funds heavily invest in. This interest stems from our findings which indicate that mimicking the leading stock choices made by successful hedge funds allows us to surpass market performance. Each quarter, our quarterly newsletter suggests 14 small-cap and large-cap stocks through this approach, achieving returns of 275% since May 2014, thereby exceeding its benchmark by 150 percentage points. see more details here ) .

GE Vernova Inc. (NYSE: GEV )

Number of Billionaire Owners: 20

GE Vernova Inc. (NYSE:GEV), which encompasses General Electric’s range of energy ventures such as Power, Wind, Electrification, and Digital divisions, also houses the firm's nuclear sector, known as General Electric Hitachi Nuclear Energy. This entity stands out as a premier supplier globally for cutting-edge reactors, fuel, and nuclear-related services. Notably, 65 nuclear facilities across the U.S. utilize GE Vernova's technological solutions.

In the first quarter of 2025, GE Vernova Inc. (NYSE:GEV) delivered impressive financials with an adjusted earnings per share (EPS) of $0.85, surpassing projections by $0.48. Revenue climbed by 10.63% compared to the previous year, reaching slightly above $8 billion and exceeding forecasts by nearly $483.8 million. As a leading player in the energy sector, the firm saw total orders amount to $10.2 billion during this period, marking an increase of approximately 8%. Its overall order backlog currently totals around $123 billion. Company leadership maintained their annual outlook, predicting revenues between $36 billion and $37 billion along with a high-single-digit EBITDA margin. With a solid fiscal position, GEV produced $1 billion in positive free cash flow in Q1, which represents a substantial improvement of $1.6 billion from the corresponding timeframe in the prior year. Additionally, they executed stock buybacks totaling $1.2 billion and announced a quarterly dividend payout of $0.25 per share.

GE Vernova Inc. (NYSE:GEV) remains committed to harnessing the power of nuclear energy, targeting an ambitious $2 billion in yearly revenue from its small modular reactor division by the middle of the next decade. The firm anticipates a market appetite for up to 57 such reactors collectively within their focus areas spanning the U.S., Canada, the UK, and Europe by 2035.

Overall, GEV ranks 2nd On our roster of top nuclear energy stocks favored by billionaire investors, we recognize the growth prospects of GEV. However, we lean towards the view that AI stocks offer superior potential for substantial financial gains over a shorter duration. Notably, one particular AI stock has surged since the start of 2025, whereas many well-known AI equities have dropped approximately 25% during the same period. Should you seek an AI investment with better upside compared to GEV yet trading below five times its earning value, explore our detailed analysis on this opportunity. cheapest AI stock .

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Disclosure: None. This piece was initially published at Insider Monkey .