Jim Cramer on GE Vernova: “Very Established, Mature Company”

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. Cramer called the company “very established” during the episode, as he commented:

“After all, if you want to build a small-scale nuclear reactor, why not just go with GE Vernova, very established, mature company that’s actually building these? They got approval to start construction on the Darlington nuclear generating station back in April. I saw some pictures. It looks like something’s happening. Hey, by the way, four years is an incredibly fast turnaround, and that’s when it’s going to open. I doubt any of the newbies can come up with that.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich 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 December 3 episode, a caller inquired about the stock and said:

“Alright, GE Vernova, my Charitable Trust owns it… Let me make this really straight. This whole uranium thing, the whole nuke thing, you know, if it happens, it’s going to be GE Vernova. But more importantly, if it’s nat-gas, it’s GE Vernova, which means it is the only real company in that whole power segment that everyone’s so crazy about to speculate on. Don’t speculate, invest GE Vernova.”

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