We recently published a list of 10 Best New Stocks to Buy According to Billionaires. In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against other best new stocks to buy according to billionaires.
International IPO activity during the first quarter of 2025 was characterized by profound uncertainty coming from geo-political shifts and the ever-changing tariff policies around the globe. According to an April 10, 2025 report by EY Global, the global IPO market remained steady year-over-year in terms of volume but grew 20% in terms of value. The first quarter of 2025 witnessed a total of 291 IPOs with a total value of $29.3 billion. Notably, the United States was a key player as it posted the third-strongest Q1 performance with a total of 59 listings. On the other hand, the Asia-Pacific market also showed signs of recovery and the EMEA region remained steady year-over-year.
The current global macroeconomic environment has created both challenges and opportunities for the IPOs around the world. For instance, the tariff policies and the ongoing trade war have raised the expectations of inflation, casting uncertainty over the monetary policies. On the other hand, the geo-political tensions have led to increased budgetary spending around the world, thereby leading to a surge in investment in the Aerospace and Defence sector. The report by EY Global anticipates a surge in IPO activity for this segment. Moreover, the disruptive trends in artificial intelligence are allowing IPO candidates to enhance their market strategies and offerings using the technology. As per the report, AI technology has started to become an integral part of companies operating in the financial, health, and life sciences industries.
While the United States market witnessed a 51% increase in the number of IPOs when compared to 2024, however, the future looks uncertain. George Chan, EY Global IPO Leader highlighted that the growth in IPO activity during the first quarter was on the back of an optimistic market outlook at the start of the year. However, currently, many companies who had planned their IPOs in the first or second quarter of the year have delayed their public offering to later quarters or 2026. Chan advised that it is important for investors to look for companies with unshakeable fundamentals, agility, and adaptability to steer with the uncertainty of the market.
To curate the list of 10 best new stocks to buy according to billionaires we used the Finviz stock screener and Insider Monkey’s Q4 2024 billionaire database. Using the screener we aggregated a list of companies that went public in the past 2 years. After sorting the list by market capitalization, we ranked each new stock in ascending order of the number of billionaire investors. We have also added the hedge fund sentiment around each stock. Please note that the data was recorded on April 25, 2025. Also, note that in cases where two or more stocks had an equal number of billionaire investors we used market capitalization as a tie-breaker.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is GE Vernova Inc. (GEV) the Best New Stock to Buy According to Billionaires?
Total Value of Billionaire Holdings: $2,978,174,541
GE Vernova Inc. (NYSE:GEV) is a global energy technology company that specializes in developing technologies that support the creation of sustainable electric power. The company operates through three main business segments including Power, Wind, and Electrification. The company came into being after being spun off from General Electric in April 2024.
On April 24, William Blair analyst Jed Dorsheimer reiterated his Buy rating on the stock. The analyst rating is backed by the strong market position and growth potential of the company. It exceeded market expectations in fiscal Q1 2025 and has reaffirmed its guidance for the next year. This is particularly notable due to the tariff impact. Moreover, Dorsheimer noted that while the demand for power and electrification remains robust, the company has already sold out its gas turbine slots through 2028, whereas, the orders are extending to 2030. This gives the company a significant growth runway.
GE Vernova Inc. (NYSE:GEV) released its Q1 2025 results on April 23. It grew its orders by 8% year-over-year to reach $10.2 billion. This growth was driven by the Power segment, with Power-related orders growing 28% organically. The company has a strong backlog of $4.4 billion, with 29 gigawatts of Gas Power equipment in the backlog. It is the best new stock to buy according to billionaires.
Artisan Global Opportunities Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q4 2024 investor letter:
“Notable adds in the quarter included GE Vernova Inc. (NYSE:GEV) and Oracle. GE Vernova is the power, wind and electrification spinoff from the former GE conglomerate. The company benefits from large global market shares across its businesses, high barriers to entry and a substantial installed base that generates multiyear service revenue streams. Now that the company is standing on its own, we believe it is in the early innings of a turnaround story while benefiting from an attractive underlying demand environment. As the world continues to decarbonize, the resulting need for power, wind and electrification equipment is poised to drive attractive growth over the coming years. Our work on AI data center growth and electrification implications strengthened our conviction in GE Vernova in the quarter, particularly its natural gas business, which we believe will need to act as a bridge fuel as technology companies try to balance AI data center growth with decarbonization targets.”
Overall, GEV ranks 1st on our list of best new stocks to buy according to billionaires. While we acknowledge the potential of GEV to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GEV but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
