10 Stocks Jim Cramer Talked About

6. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holdings: 108

GE Vernova Inc. (NYSE:GEV) is an industrial machinery company known primarily for its power generation and nuclear power businesses. Financial firm Jefferies expressed optimism about the stock on December 18th as it increased the share price target to $815 from $736 and bumped the rating to Buy. Jefferies commented that GE Vernova Inc. (NYSE:GEV) power and electrification business outlook was impressive and added that recent share price dips were due to market sentiment about data centers. GE Vernova Inc. (NYSE:GEV) is also a top Cramer stock, as he believes that the firm is the only one capable of delivering nuclear plants for the data center buildout. Power generation also factored into his latest discussion about GE Vernova Inc. (NYSE:GEV):

“Yeah so we have two themes. One is we have the actual building the data center and the other is do you have enough power to do it? Now GE Vernova is the cheap way to it because they’re natural gas. The problem is that they did not increase the capacity, there’s only three companies that make natural gas generators. They are one of them. They have increased capacity but you can’t get one until 2030. You can in a queue, 2028, they’re sold out. The question is, 2029, can you begin to get it? This is the other gating factor that calls for discipline. . .by the way, the nuclear power situation that we’re hearing, that’s 2035.

“Look, my charitable trust owns it, it’s been a home run. But I will tell you, I don’t like all these calls, because what happens is, you don’t have a lot of pricing power, if you’re sold out. . .if you’re sold out, you can’t raise prices because I’ve already bought it at a certain price. . .I do not think, that this stock, which I love, which should be at 700, is anything but another call for discipline for those who want to put up endless numbers of data centers.”