Jim Cramer Believes GE Vernova is Not “Done Going Higher”

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer expressed thoughts on. Cramer highlighted the stock’s recent massive rally, as he remarked:

“Now, there’s a way to speculate responsibly. You buy stocks of companies with real earnings, real revenues that can get a much higher price to earnings multiple expansion on that news flow. It’s not the perfect way, but it’s a way. GE Vernova soared during this period as it got order after order from companies that needed power to build out data centers. It closed today at $723. That was up $97, one session… Neither stock is done going higher. These kinds of stocks with the ability to turn into high-powered, high-earning stories could absolutely last through the end of the year of magical investing because their sales and earnings are still growing like weeds.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies. During the December 3 episode, a caller asked Cramer what he thought of the company’s stock long-term and Cramer responded:

“Alright, GE Vernova, my Charitable Trust owns it… Let me make this really straight. This whole uranium thing, the whole nuke thing, you know, if it happens, it’s going to be GE Vernova. But more importantly, if it’s nat-gas, it’s GE Vernova, which means it is the only real company in that whole power segment that everyone’s so crazy about to speculate on. Don’t speculate, invest GE Vernova.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.