Jim Cramer Says "Entergy Has a Number of Things Going for It"

Entergy Corporation (NYSE:ETR) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer discussed the company’s growth and valuation, as he commented:

“Finally, I’ve got a utility that made the final cut, and it’s called Entergy. That’s a New Orleans-based utility, we’ve profiled them many times, with a service area spanning from Mississippi to Texas. Entergy has a number of things going for it, from Meta’s construction of a massive $10 billion data center in Louisiana to the ongoing build-out of liquified natural gas export facilities. It’s growing a little faster than the average stock in the S&P with a slightly lower price to earnings multiple.”

Entergy Corporation (NYSE:ETR) produces and distributes electricity and natural gas, generating power from gas, nuclear, coal, hydro, and solar sources. When a caller inquired about the stock during a July episode, Cramer replied:

“Man, I’ll tell you, ETR’s had such a run. I know it can go higher, but it, I mean… you know, Meta likes it and everything. I’m going to say right here, [don’t buy, don’t buy].”

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