Jim Cramer Says Solstice is "The One to Own" and Called It "Inexpensive"

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is one of the stocks on Jim Cramer’s radar recently. Cramer discussed the company’s nuclear business, as he stated:

“Hey, I got another one. How about a nuclear energy idea that’s in the S&P 500 that I know you’ve never heard of. It’s called Solstice Advanced Materials. It’s the chemical business that was just spun off by Honeywell at the end of October. Solstice mainly operates in the refrigeration electronics markets. But get this, it has this alternative energy services division that specializes in nuclear. In fact, it’s the only American provider of uranium hexafluoride conversion services, which is the crucial step in preparing uranium for enrichment so it can be used as fuel.

It’s the one to own. Solstice Metropolis Works facility was idled in 2018. Why? Because, of course, there was no demand for nuclear power, but it was just brought back online two years ago to help power all these new data centers. Company’s backlog was up a quick 12% from the second quarter to the third quarter. I know, you’re yawning, you’re bored, I don’t care… Solstice is a profitable company with a direct way to make money on nuclear energy. Stock’s only up about two bucks from its post-spin lows. It’s inexpensive.”

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging.

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