5 Best S&P 500 Stocks to Buy Now According to Analysts

4. GE Vernova Inc. (NYSE:GEV)

Upside Potential as of June 14: 32.89%

GE Vernova Inc. (NYSE:GEV) engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa.

On June 11, Jefferies analyst Julien Dumoulin-Smith lowered the firm’s price target on GE Vernova Inc. (NYSE:GEV) from $1,350 to $1,210, but maintained a ‘Buy’ rating on the shares. The trimmed target still reflects an upside potential of over 28% from the current share price.

The analyst firm acknowledged that the rising interest in behind-the-meter (BTM) power solutions is reducing the reliance on traditional grid connections in the near term. However, it believes that market concerns regarding the BTM adoption have become far more exaggerated when compared to the available tangible data.

Jefferies highlighted that GE Vernova Inc. (NYSE:GEV) has fallen by around 20% since hitting its all-time high earlier in April. However, the analyst expects the company’s Q2 order trends and Q3 outlook commentary to “strongly dispel concerns of eroded market power for gas turbines into the 2030s.”

GE Vernova Inc. (NYSE:GEV) was also recently included in our list of the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.