Jim Cramer Calls the Sell Rating on Ge Vernova “Absurd”

GE Vernova Inc. (NYSE:GEV) is one of the stocks in Jim Cramer’s recent game plan. Cramer criticized the recent sell rating on the stock, as he commented:

“Wednesday, we’ve got two data center stories, Vertiv… and GE Vernova, which makes the turbines that power so many of them gas turbines I should add… Someone put out a sell this week on GE Vernova, and I thought that was absurd. But then again, I wouldn’t have bought this one for the trust if I didn’t believe it was capable, not of a quarter or a year run, but a multi-year move.”

GE Vernova Inc. (NYSE:GEV) provides energy technologies and services for power generation, wind, and electrification. The company’s solutions include gas, nuclear, hydro, and wind systems, in addition to, solar, storage, and software solutions. During the October 10 episode, Cramer discussed the stock’s rally since its spin-off and said:

“Sometimes the spinoffs do even better. Look at GE Vernova… power business we own for the Charitable Trust. That stock’s run from the low 100s to the low 600s since it became public, independent in April of last year.”

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