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Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. GE Vernova Inc. (NYSE:GEV) is one of the stocks discussed by Jim Cramer.
GE Vernova Inc. (NYSE:GEV) is one of Jim Cramer’s top nuclear power stocks. Its shares are up by 186% over the past year and by 56% year-to-date. Argus discussed the firm on April 27th, as it significantly raised the share price target to $1,300 from $800 and kept a Buy rating on the stock. One factor that it discussed about GE Vernova Inc. (NYSE:GEV) was the firm’s installed capacity, which Argus claims generates a whopping 30% of the world’s electricity. Argus also cited faith in the firm’s long-term growth prospects. Goldman Sachs raised GE Vernova Inc. (NYSE:GEV)’s share price target to $1,328 from $1,000 and kept a Buy rating on the shares. The firm’s quarterly performance was part of the coverage, with the bank praising operating income growth and the Power businesses’ performance. Cramer often praises GE Vernova Inc. (NYSE:GEV) when it comes to nuclear power, and this episode wasn’t an exception either:
“Now David, I don’t, and the reason why I don’t, is because GEV, Scott Strazik, told me, look, Jim, 2032 before any of these others, and these others don’t really have a way to do it. And you’ve got to be careful because of the Southern [Southern Company] overrun. . .but I would point out David that the technology is not there that small modular, unless you could use GE Vernova’s technology. And these others are all kind of just, science, science. And we act as if they are earnings, GEV’s going to be earnings but not for another four years.”
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While we acknowledge the potential of GEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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