Jim Cramer Reveals “Quiet” Stock That Goes Up In This List Of 12 Stocks

9. TXNM Energy, Inc. (NYSE:TXNM)

Number of Hedge Fund Holders In Q4 2024: 30

TXNM Energy, Inc. (NYSE:TXNM) is a mid-sized utility that caters to the needs of consumers in New Mexico. Its shares jumped by a 7% in May after investment giant Blackstone announced that it would acquire the firm. Cramer believes the move is part of Blackstone expanding its presence in the data center space. Here is what he said:

“We know Blackstone has a lot of data centers. We know TXNM is in the area with a lot of data centers. I still think this is motivated by the need to have cheap power. Although remember, they are not a generator.

“I think it just a great acquisition. I think all the companies that are in the business of low power, low cost power, which is in say Texas, good place, it’s a great business to be in. And John Gray who runs Blackstone, knows that this is just a, that their own data center company might be worth the price of Blackstone.”