Jim Cramer Suggests Buying GE Vernova Everytime it is Down

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently shared his thoughts on. A caller asked Cramer for his long-term outlook on the stock and mentioned their recent investment at a $585 cost basis, highlighting global capital inflows into the U.S. along with the current administration’s stance on wind energy. In response, Cramer said:

“Okay, I don’t want you to worry about wind. They’ve got a lot of, you know there, there’s a lot of things involved with wind, including maintenance that makes it so I’m not that worried. And it’s a very inexpensive way to, to power, you don’t necessarily need the government. I know it’s a negative, and the stock got hit very badly when the president came out against wind. But I come back and I say, wait a second, this is natural gas. It’s a natural gas story, and every time it is down, I say [buy, buy, buy]. So that’s what the plan is.”

Photo by Adam Nowakowski on Unsplash

GE Vernova Inc. (NYSE:GEV) delivers energy solutions across power generation, wind, and electrification. Its solutions include turbines, grid technologies, storage systems, and software to manage electricity flow.

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