Jim Cramer Likes These Super 3 European Stocks

2. Schneider Electric SE (EPA:SU)

Jim Cramer said that he was “very happy” to see Schneider Electric SE (EPA:SU) making it to Citi’s Super Seven group of stocks. Cramer said the French industrial company specializing in power products and digital automation solutions company reminds him of Eaton in which his charitable trust has stakes.

Cramer said the demand of electricity is growing rapidly “for the first time in ages” because of data centers needed for AI. Cramer said Schneider Electric SE (EPA:SU) could be a great stock to play this trade.

Cramer said the stock has run a lot which is why many analysts downgraded it citing valuation concerns. But Cramer said he is a “believer” in the stock because of the “upgrade cycle” fueled by AI and the huge increase in data center demand.