Jim Cramer on GE Vernova (GEV): “We’re Comfortable With the Numbers and the Timeframe”

GE Vernova Inc. (NYSE:GEV) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. Talking about the interest in nuclear stocks, Cramer mentioned it as a credible company, and said:

I love nuclear power, but even with a more favorable regulatory environment, it’s just not a great business. Building nuclear plans costs too much, and by the way, it takes way too long… Look, I’m not dismissing nuclear power. If you want clean energy, it is your best solution. I’m just saying that because of its complexity, you need to go with bigger companies that aren’t going to go bankrupt during the construction…

I also like GE Vernova as well. That’s the power plant maker, which is building a small form nuclear reactor in Ontario, and it’s also partners in building a nuclear reactor plant for the Tennessee Valley Authority. GE Vernova is a terrific company, and we talked about that today at our monthly CNBC Investing Club meeting. We’re comfortable with the numbers and the timeframe.

Photo by Adam Nowakowski on Unsplash

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies.

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