Jim Cramer Says IES Holdings is “Going Higher Because it is Data Center”

IES Holdings, Inc. (NASDAQ:IESC) is one of the stocks in focus in Jim Cramer’s latest lightning round. A caller asked for Cramer’s thoughts on the stock during the lightning round, and he commented:

“I know that electrical contractor, that again, is going higher because it is data center. Do you see the pattern, everybody?”

IES Holdings, Inc. (NASDAQ:IESC) provides electrical, mechanical, and technology solutions, including communications infrastructure, residential and commercial installations, renewable energy systems, and power equipment manufacturing and services. Additionally, the company also delivers design, construction, and maintenance for industrial, institutional, and utility projects. Cramer mentioned the company in a February episode and said:

“That’s, that’s, that’s Jeffrey Gendell’s company. He is a, just an amazing man. He’s had a long history in understanding about this kind of business and I salute him. Gendell is a buy, okay. That’s the way I look at IESC, it’s Gendell and he’s a winner.”

Since the above comment was aired, IES Holdings, Inc. (NASDAQ:IESC) stock has gained nearly 53%.

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