Jim Cramer Sees Opportunity for Excelerate Energy

Excelerate Energy, Inc. (NYSE:EE) is one of the stocks Jim Cramer highlighted as potential winners from the US-EU deal. Cramer mentioned the company during the episode and said:

“Finally, let’s not forget another one that I talked about a lot, which is called Excelerate Energy, and that’s EX not AC. That’s a company that has 11 specialized structures, and they’re called floating storage regasification units. In a nutshell, these things turn LNG back into regular natural gas once it reaches its destination. They are ideal to help countries without significant existing infrastructure accept cargoes, LNG, more quick… I covered Excelerate Energy when it came public just over three years ago, but not much since then, mainly because the stock hasn’t done much since the IPO. But if the EU wants to speed up the process of receiving its agreed-to allocations of liquified natural gas from the United States, then Excelerate’s business could see a really nice bump.”

Photo by Joshua Mayo on Unsplash

Excelerate Energy (NYSE:EE) delivers liquefied natural gas solutions and it provides services such as regasification, floating storage, infrastructure development, and LNG and natural gas supply.

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