GE Vernova (GEV) Surged Due to Power Demand Growth

Scout Investments, Inc., an affiliate of Carillon Tower Advisers, released the “Carillon Scout Mid Cap Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. The Russell Midcap Index posted positive returns in the second quarter despite a sharp sell-off at the beginning of April following the liberation Day tariff announcement. However, the delay in collecting additional tariffs provided more time for trading partners to negotiate better terms. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Carillon Scout Mid Cap Fund highlighted stocks such as GE Vernova Inc. (NYSE:GEV). GE Vernova Inc. (NYSE:GEV) offers products and services that generate, transfer, orchestrate, convert, and store electricity. The one-month return of GE Vernova Inc. (NYSE:GEV) was -4.51%, and its shares gained 189.60% of their value over the last 52 weeks. On September 09, 2025, GE Vernova Inc. (NYSE:GEV) stock closed at $605.70 per share, with a market capitalization of $164.89 billion.

Carillon Scout Mid Cap Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its second quarter 2025 investor letter:

"GE Vernova Inc. (NYSE:GEV) provides technologies and services for generating, converting, storing, and managing electricity, including gas, nuclear, wind, solar, and grid solutions. As with Quanta Services, investors see significant electricity demand growth led by AI data centers, in addition to other drivers. Led by increasing demand for gas turbines, earnings expectations continue to trend higher as GE Vernova’s backlog already stretches into the next decade. Also, as nuclear power is being reconsidered, nuclear power plant turbines and small modular reactors could add additional growth. We see significant opportunities for this market leader to support power demand growth."

GE Vernova Inc. (NYSE:GEV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 106 hedge fund portfolios held GE Vernova Inc. (NYSE:GEV) at the end of the second quarter, which was 111 in the previous quarter. While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered GE Vernova Inc. (NYSE:GEV) and shared the list of stocks Jim Cramer discussed. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.