9 Stocks Jim Cramer Talked About & Commented On SpaceX’s IPO

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6. NuScale Power Corporation (NYSE:SMR)

Number of Hedge Fund Holders: 32

NuScale Power Corporation (NYSE:SMR) is a small modular reactor technology company based in Oregon. Its shares are down by 28% over the past year and by 37% year-to-date. UBS discussed the firm on March 19th when it reduced the share price target to $13 from $20 and kept a Neutral rating on the stock. Some of the factors that it discussed in its coverage of NuScale Power Corporation (NYSE:SMR) included capital deployment and project delays. The commentary aligns with Cramer’s viewpoint about the firm. For instance, in an appearance in January 2025, the CNBC TV host warned that NuScale Power Corporation (NYSE:SMR) was “years from developing anything meaningful.” In this appearance, he went a step ahead when asked about his opinion on the company:

“Scott [GEV CEO] is the guy who told me, Jim, you gotta get realistic, nuclear. He got realistic, nuclear. They’re going to have a plant, Tennessee Valley. but these guys are, this is a tough term I would use, but they are science projects. That’s what they are, they’re science projects. And GE Vernova is not, they have one that they’re building in Canada. But I don’t want to buy a science project, because there’s no P/E. There may not be a P/E in the next five years.”

While we acknowledge the potential of SMR to grow, 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 AI stock that is more promising than SMR and that has 100x upside potential, check out our report about the cheapest AI stock.

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