Jim Cramer Discusses GE Vernova's Stock Surge After Spin-Off

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer commented on. Cramer mentioned the stock’s run during the episode, as he said:

“Sometimes the spinoffs do even better. Look at GE Vernova… power business we own for the Charitable Trust. That stock’s run from the low 100s to the low 600s since it became public, independent in April of last year.”

GE Vernova Inc. (NYSE:GEV) provides energy technologies and services that include power generation, wind energy, and electrification. Moreover, the company offers gas, nuclear, hydro, and wind systems, along with grid, solar, storage, and software solutions. A caller inquired about the stock during the September 24 episode and Cramer responded:

“Man, you know, I like GE Vernova. GE Vernova is a company that makes the natural gas turbines that are needed for so much, including the data center. That’s why it’s been red hot. It is one of the names I have and own for my Charitable Trust.”

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