Jim Cramer’s 17 Stock Calls Like PepsiCo, CVS, and Advice to Stick with Large Tech

10. Preformed Line Products Company (NASDAQ:PLPC)

Preformed Line Products Company (NASDAQ:PLPC) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer was bullish on the stock during the episode, as he stated:

After decades where software was in charge, now it’s all about setting up massive buildings, filling them with tech, and even building new power plants to supply them with electricity. That’s how something like a Caterpillar’s become a big AI winner, and it’s why Preformed Line Products keeps winning. In its latest quarter, the company delivered a monster earnings beat… Look, the electric grid hasn’t grown much in this country in the last couple of decades, but now there’s a colossal amount of spending to make the grid much faster and more powerful… I think PLPC is a great derivative play on the market’s biggest theme. I think you’re getting a nice entry point here given the recent pullback. Sure, it’s doubled over the last year, but I don’t think it’s crazy anymore to buy a stock like Preformed at 35 times earnings in this data center-obsessed market.

So here’s the bottom line… Preformed Line Products Company is a small but critical part of the AI build-out. If you believe in this story and you believe the company can earn nearly $13 per share in 2028, which is what the analysts are projecting, then you’ve got my blessing to put a position on right here. Now, look, ideally, the stock would pull back a little bit more… Because I don’t see the data center build-out slowing down anytime soon. But the stock has already pulled back. I say you’re getting it at a much better level than I thought you’d get anytime soon.

Preformed Line Products Company (NASDAQ:PLPC) manufactures hardware systems, solar mounting solutions, and EV foundations for building and maintaining overhead, ground, and underground networks. The company supplies these products and drone inspection services to energy utilities, communication providers, and field contractors.