Jim Cramer on Powell Industries: "I Wish I Owned for the Trust"

Powell Industries, Inc. (NASDAQ:POWL) is one of the stocks Jim Cramer recently shed light on. Mentioning that the company has been excelling financially due to infrastructure growth, grid upgrades, and increased demand in energy and industrial markets, a caller asked for Cramer’s take on it. He remarked:

“Oh man, you know this guy, might be the man. This thing is such a great, I saw it. It’s the great industrial energy infrastructure stock that I wish I owned for the trust. Wow, great call.”

Powell Industries, Inc. (NASDAQ:POWL) specializes in the design, manufacturing, and maintenance of custom electrical equipment and systems. The company provides products like substations, motor control centers, switchgear, and related components. On February 27, when a caller inquired about the company, Cramer commented:

“You know, that, that is, that is just a really good company. I totally agree with you. I don’t get it. I just, I mean we’ve done, we’ve done takeouts on it… I mean look, it, does it have the big revenue growth that I want? Yeah. I’m just confused. I have to come back again. We did a takeout on it earlier. I’m gonna go back and huddle with my chief scientist Ben Stoto. We’re gonna figure out what the heck is going on here.”

For context, since the comment was aired, POWL stock has gone up more than 56%.

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Disclosure: None. This article is originally published at Insider Monkey.