Jim Cramer on GE Vernova: “I Still Like It”

GE Vernova Inc. (NYSE:GEV) is one of the stocks that was on Jim Cramer’s radar recently. During the episode, a caller asked if the stock still has more room to run at the current level or not. Cramer replied:

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.

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. Cramer discussed the stock’s long-term opportunities during the January 28 episode. He commented:

We’re a nation short on power, too. For years, our electricity barely grew, so power generation became a tough business, bad business. Biggest company, General Electric, suffered mightily, surviving on service and maintenance revenues. Now, though, big tech companies are erecting data centers willy-nilly to meet demand again for compute, and storage, and cooling. And that’s changed the almost moribund gas turbine business. It’s now one of the biggest growth stories in the world… There’s so much business there that they have the visibility on the earnings to the 2030s. You know, only J&J has that, and that’s a pharmaceutical company. That’s why that stock just soared today. Oh my God, it never stops.

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