GE Vernova Inc. (NYSE:GEV) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Cramer mentioned that he was bullish on the stock during the Investing Club’s recent meeting, as he said:
We had a one for the ages quarter from GE Vernova… Here’s some irony… GE Vernova’s market cap just passed namesake GE itself, the aerospace company, $303 billion versus $289 billion. That’s nothing short of unbelievable. How did GE Vernova get to such exalted heights? How about being the venerable, unique player providing power to the data centers and the utilities that are all struggling to meet demand from the data centers? With these results, GE Vernova said the company already had more data center orders in the first quarter than it had in the entirety of 2025. And it’s got a backlog so full that it’s almost impossible to get a new turbine… for the next two years. Given the sequential cost savings they seem to find each quarter, I’m confident that you’ll see much better and better margins ahead.
When you see that GE Vernova has 100 gigawatts worth of gas power business…. You know what? That’s enough to power a hundred million homes. Then you can understand why I told viewers of our… Investing Club… that this quarter was one for the ages. We rate stocks by the number for the Club, with one meaning buy, two meaning hold, three meaning sell. We usually downgrade stocks… after this kind of serious move… But I said this morning that we can’t take it from one to a two. It’s just too… good…
By the way, GE Vernova is the only serious nuclear energy builder, and it’s putting up the first new plant in ages in Ontario. So far, so good. It’s also going to start building nuclear reactors for the Tennessee Valley Authority… Remember, the rest of them that you’re trying to buy, they tend to be science projects. Now, GE Vernova has wind too, which used to be the fastest growing business, but now is a drag on the earnings. It can’t interfere with the greatness here, though, and that’s what you should be thinking about. How long can this last? I think it’s just beginning.
Photo by Artem Podrez 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. On April 17, whilst presenting his game plan, Cramer remarked:
Wednesday is pure dynamite. The Charitable Trust… owns the stock of Boeing and GE Vernova, and both could be huge movers… GE Vernova builds turbine engines that have been in high demand for data centers. It’s entirely sold out in the near term. So you’d be buying it on the promise of firm orders in the out-years, and I think you’re going to get them. I hope they talk about the nuclear program, and I hope… they raise the price.
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