GE Vernova Inc. (NYSE:GEV) is one of the best multibagger stocks to invest in according to billionaires. On March 4, GE Vernova announced that the company had been selected by IVPC Group to supply 17 onshore wind turbines for the Fortore wind farm in Benevento, Italy. The project, which exceeds 100 megawatts in capacity, was one of the largest awarded during the December 2025 Gestore dei Servizi Energetici auction. Under the agreement, GE Vernova will provide its 6.1 MW-158m turbines, with deliveries scheduled to begin in Q2 2027.
The project uses GE Vernova’s 6 MW platform and features specialized two-piece blade technology designed to navigate the logistical constraints of complex Italian sites. This configuration improves transportability while maximizing energy production. Additionally, the partnership includes a customized operations and maintenance model that allows IVPC to collaborate directly on transactional maintenance activities, providing the operator with greater flexibility in managing the facility.
This contract strengthens a long-term relationship between the two companies, following the recent installation of a similar turbine at the Montefalcone wind farm as part of a multi-turbine repowering effort. GE Vernova Inc. (NYSE:GEV) currently provides ~25% of Italy’s power capacity and continues to expand its local presence through its Center of Excellence in Troia.
GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Middle East, and Africa. The company operates through three segments: Power, Wind, and Electrification.
While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
