Jim Cramer on GE Vernova: “I Like the Stock Very Much”

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer answered questions about. When a caller inquired if investing in the stock is a “good move,” Cramer said:

Well, listen, look, with that track record, who am I to even opine? I have to tell you, I’m going to go buy some for my Charitable Trust, oh, I already own it. You and me are kindred spirits. I like the stock very much. They ought to split it. They ought to listen to you. That’s what they should do. Maybe put you on the board.

Stock market data. Photo by Alesia Kozik 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 February 23 episode, a caller asked whether the stock has more room to run, and Cramer responded:

Well, GE Vernova is presuming with that price-to-earnings multiple that will continue to build power plants, that will build nuclear power plants, that will need more energy. It’s probably the single most stock that’s most positioned for us… need more energy in the country. So I’ve gotta say, I still like it. Big position for the Charitable Trust.

Furthermore, we recently discussed Erste Group’s initiation of coverage of the company’s stock. You can read about it here.

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