12 Best Young Stocks with Huge Upside Potential

9. Venture Global Inc. (NYSE:VG)

Number of Hedge Fund Holders: 22

Average Upside Potential as of October 10: 69.31%

Venture Global Inc. (NYSE:VG) is one of the best young stocks with huge upside potential. On October 10, Mizuho analyst Gabriel Moreen downgraded Venture Global to Neutral from Outperform with a price target of $12, which was downgraded from $17. Moreen believes that the arbitration ruling that Venture breached its contract with BP by not declaring the Commercial Operation Date at CP1 on time was a negative surprise.

On October 9, BP won its arbitration case against Venture Global. The dispute centered on Venture Global’s failure to deliver LNG under a long-term contract that was scheduled to begin in late 2022. In a regulatory filing, Venture Global confirmed that the International Chamber of Commerce International Court of Arbitration ruled it had breached its obligations to declare that commercial operations had begun at its Calcasieu Pass plant on time and to act as a reasonable operator.

The ruling was a setback for Venture Global, as it directly contrasts with a decision in August where the company prevailed against Shell in a similar complaint.

Venture Global Inc. (NYSE:VG) develops, constructs, and produces natural gas liquefaction and export projects near the US Gulf Coast in Louisiana.