Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab

23. Constellation Energy Corporation (NASDAQ:CEG)

Constellation Energy Corporation (NASDAQ:CEG) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. When a caller inquired about the stock during the lightning round, Cramer said, “Oh man, Constellation… [buy, buy, buy] It’s come down a lot.”

Constellation Energy Corporation (NASDAQ:CEG) produces and supplies electricity, natural gas, and sustainable energy solutions through nuclear, wind, solar, natural gas, and hydro assets. Cramer discussed the stock and its valuation during the February 2 episode, as he remarked:

Next, the fifth worst performer last month was Constellation Energy. It’s the independent power producer with a ton of nuclear exposure. Stock’s lost more than 20% last month. Trump administration announced a plan to make energy more affordable in the Mid-Atlantic region by calling for $15 billion in investments in new power plants, as well as caps on how much existing plants can charge for electricity. Not great. Now, I do think Constellation’s worth buying into weakness because new power plants take ages to build, and price gouging’s never been a part of their strategy. At 24 times forward earnings, you know what, I like this one.