Jim Cramer Highlights That GE Vernova One of His Charitable Trust Names

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer shed light on. A caller asked if the stock is a buy, sell, or hold. In response, Cramer said:

“Man, you know, I like GE Vernova. GE Vernova is a company that makes the natural gas turbines that are needed for so much, including the data center. That’s why it’s been red hot. It is one of the names I have and own for my Charitable Trust.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

GE Vernova Inc. (NYSE:GEV) delivers energy technologies and services across power generation, wind, and electrification. Its portfolio includes gas, nuclear, hydro, steam, wind, solar, storage, and grid solutions. When a caller inquired about the stock’s long-term prospects during the September 17 episode, Cramer replied:

“Okay, I don’t want you to worry about wind. They’ve got a lot of, you know there, there’s a lot of things involved with wind, including maintenance that makes it so I’m not that worried. And it’s a very inexpensive way to, to power, you don’t necessarily need the government. I know it’s a negative, and the stock got hit very badly when the president came out against wind. But I come back and I say, wait a second, this is natural gas. It’s a natural gas story, and every time it is down, I say [buy, buy, buy]. So that’s what the plan is.”

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