Jim Cramer Shares Why Vertiv Holdings Co (VRT) Is An Important Data Center Stock

We recently published 13 Stocks Jim Cramer Discussed During His Historic Morning Appearance. Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer recently discussed.

Vertiv Holdings Co (NYSE:VRT) is a computer hardware company that provides products for data centers. Its shares have gained 15% year-to-date and are up by 130% since their drop in April. September has been a good month for Vertiv Holdings Co (NYSE:VRT) as the stock has gained 7% so far. Cramer’s previous comments about the firm, made in July, praised its earnings report. This time, he shared a key insight into Vertiv Holdings Co (NYSE:VRT)’s business in the form of its air conditioning business:

“By the way it’s Vertiv, often that is in these guys. We have train that’s ringing the Vertiv is the company that I think has done the most in terms of the insides. Because they own Liebert, which is the old great German air conditioning company. It was owned by Emerson, David Farr got rid of it. Next thing you know this company comes in. . . And it is smoking hot. Sure up another two dollars and sixty cents on this news.”

Here is what Cramer said about Vertiv Holdings Co (NYSE:VRT) after its earnings report:

“This morning, we got some excellent results from Vertiv Holdings. That’s the maker of specialized power and cooling equipment for the data center, which has been a phenomenal winner over the past few years. The company reported numbers that came in well ahead of expectations in nearly every line. Sales up 35% year over year, 12% earnings beat off an 83-cent basis. Even better, Vertiv issued a strong outlook for the current quarter and raised its full-year forecast. It has very strong backlog, too.

“However, after being up nearly $11 at one point today, that’s like 8% in early trading, the stock gave back essentially all those gains throughout the course of today’s trading session. But like I said, at the top of the show, what mattered is the Fed, and that somehow interfered even with this great company. I’m not too worried because this feels like a normal profit-taking day in a stock that, at its highs, was up 186% from its post-Liberation Day lows.”

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