Jim Cramer Thinks GE Vernova (GEV) is the Only Company “Ready to Profit From New Nuclear Reactors”

We recently published a list of 8 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against other stocks on Jim Cramer’s radar.

During the episode, Cramer commented on GE Vernova Inc. (NYSE:GEV) as he said:

“Who’s to say that quantum computing won’t be the next technology? The naysayers tell us it’ll take decades before any of this is useful, but the naysayers are not in control anymore. Same deal with nuclear. Even though there’s really only one company that’s ready to profit from new nuclear reactors, and that’s GE Vernova.”

GE Vernova (NYSE:GEV) delivers technology and services used in producing, moving, converting, and storing electricity. The company works across several energy areas, including gas, nuclear, hydro, steam, wind, solar, storage, and grid infrastructure. It also supplies both hardware and software designed to help manage and distribute electrical power more effectively. Artisan Partners stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q4 2024 investor letter:

“Notable adds in the quarter included GE Vernova Inc. (NYSE:GEV) and Oracle. GE Vernova is the power, wind and electrification spinoff from the former GE conglomerate. The company benefits from large global market shares across its businesses, high barriers to entry and a substantial installed base that generates multiyear service revenue streams. Now that the company is standing on its own, we believe it is in the early innings of a turnaround story while benefiting from an attractive underlying demand environment. As the world continues to decarbonize, the resulting need for power, wind and electrification equipment is poised to drive attractive growth over the coming years. Our work on AI data center growth and electrification implications strengthened our conviction in GE Vernova in the quarter, particularly its natural gas business, which we believe will need to act as a bridge fuel as technology companies try to balance AI data center growth with decarbonization targets.”

Overall, GEV ranks 1st on our list of stocks on Jim Cramer’s radar.While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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