Jim Cramer Says “Don’t Speculate, Invest GE Vernova”

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer shed light on. A caller asked what Cramer thinks of the stock long term, and he replied:

“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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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 rally during the November 19 episode and remarked:

“If you’ve been paying attention, you might have already owned some of the nuclear companies that actually do make you money. Consider the case of GE Vernova. It’s building small modular nuclear reactors to provide round-the-clock clean energy, and those reactors don’t need no federal government help. GE Vernova, what did it do today? It soared 7%. It was the second-best performer in the S&P 500 in part because it also announced its first onshore wind power upgrade agreement outside the US. … Unlike the hyper speculative stocks, GE Vernova is the nuke builder.”

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