10 Best Non-Tech Stocks to Buy According to Reddit

3. GE Vernova, Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 106

With significant hedge fund interest and trending on Reddit, GE Vernova, Inc. (NYSE:GEV) secures a spot on our list of the 10 Best Non-Tech Stocks to Buy According to Reddit.

RBC Capital Markets downgraded GE Vernova, Inc. (NYSE:GEV) from Outperform to Sector Perform on October 1, citing the stock’s excellent long-term outlook as already priced in. RBC cautioned that revenue growth in its core power company may slow toward the end of the decade relative to current expectations, even if the company continues to benefit from increased demand for power generation, grid infrastructure, and efficiency advances.

Furthermore, based on projected earnings for 2030, the bank set a price target of $605, which was marginally less than what the market had anticipated. In the face of declining demand and uncertainty surrounding tax credits, it predicted wind revenue at $7.8 billion and power revenue of roughly $30 billion, compared to the $33 billion average. As GE Vernova, Inc. (NYSE:GEV) grows in the market worth over $100 billion, RBC remained most optimistic about electrification, projecting approximately $18 billion in income by 2030.

Global electric power provider GE Vernova, Inc. (NYSE:GEV) offers goods and services for producing, transferring, converting, and storing electricity in its Power, Wind, and Electrification sectors. It is one of the Best Non-Tech Stocks.