Jim Cramer on Preformed Line Products: “Business is Good”

Preformed Line Products Company (NASDAQ:PLPC) is one of the stocks on Jim Cramer’s radar. A caller mentioned that the stock appears undervalued despite strong performance and asked why it trades at a discount compared to peers in the industrial sector. In response, Cramer commented:

“Oh, now, you know what, that’s still one more of multiple stocks that are involved in the construction of the data center, and those, because there’s so many of them, they’re starting to trade at a discount. Don’t freak out, the business is good.”

A technical stock market chart. Photo by Energepic from Pexels

Preformed Line Products Company (NASDAQ:PLPC) develops and supplies infrastructure hardware and systems for energy, telecommunications, and data networks. It offers solutions such as fiber optic cables, connectors, insulators, protective closures, and motion control devices. The company also provides drone inspection services, solar framing, and EV-related products, serving utilities, communication providers, contractors, and government agencies.

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