We recently published Jim Cramer’s 13 Quantum Computing & Nuclear Stock Predictions – See How They Played Out! GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed.
GE Vernova Inc. (NYSE:GEV) is one of Cramer’s top nuclear stock picks. The firm makes and sells nuclear reactors, and Cramer is optimistic about its ability to deliver the equipment. Since his comments in February, GE Vernova Inc. (NYSE:GEV)’s shares have gained 69%. One notable catalyst came in July after the shares jumped by 13.7%. The jump came after the firm’s $9.1 billion in revenue and $1.86 in profit-per-share beat analyst estimates of $8.8 billion and profit estimates of $1.50. Seems like Cramer’s enthusiasm about GE Vernova Inc. (NYSE:GEV) was warranted:
“We’re going to talk about the stock of GE Vernova. That’s the power division that was spun off from the old General Electric that so many of you like. Right now, we’ve got several huge themes occurring at once. We know that we have a gigantic number of data centers being put up in the country, correct? Now they require tremendous amount of electricity. They’re big drainers. Our most abundant source of power comes from burning of natural gas. We got more natural gas than any other country.