Jim Cramer’s 5 Stock Calls: IBM, GEV, and Speculation Warning

2. Constellation Energy Corporation (NASDAQ:CEG)

Constellation Energy Corporation (NASDAQ:CEG) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. Cramer said that the “company knows nukes” and commented:

I love nuclear power, but even with a more favorable regulatory environment, it’s just not a great business. Building nuclear plans costs too much, and by the way, it takes way too long… Look, I’m not dismissing nuclear power. If you want clean energy, it is your best solution. I’m just saying that because of its complexity, you need to go with bigger companies that aren’t going to go bankrupt during the construction… I also like Constellation Energy, which is trying to restart Three Mile Island. The company knows nukes, has a bunch of nukes in its fleet, and I think represents decent value at these levels.

Constellation Energy Corporation (NASDAQ:CEG) produces and supplies electricity, natural gas, and sustainable energy solutions through nuclear, wind, solar, natural gas, and hydro assets.