GE Vernova stock has quadrupled since April 2024 and is now the second-best performer in the S&P 500

GE Vernova is lighting up Wall Street, and no one’s pretending otherwise. Since it split from General Electric and hit the New York Stock Exchange on April 2, 2024, its stock has skyrocketed over 300%, making it the second-best performer in the S&P 500 after Palantir. The hype hasn’t cooled off. Even after a 90% gain just this year, analysts are still screaming buy, with price targets averaging $686.68, roughly 10% higher than where it closed last Friday. This isn’t some passing trade. Investors are sticking with it because of one thing: AI’s hunger for electricity.