GE Vernova (GEV)'s Been a "Home Run," Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer discussed recently.

GE Vernova Inc. (NYSE:GEV) is an industrial machinery company known primarily for its power generation and nuclear power businesses. Financial firm Jefferies expressed optimism about the stock on December 18th as it increased the share price target to $815 from $736 and bumped the rating to Buy. Jefferies commented that GE Vernova Inc. (NYSE:GEV) power and electrification business outlook was impressive and added that recent share price dips were due to market sentiment about data centers. GE Vernova Inc. (NYSE:GEV) is also a top Cramer stock, as he believes that the firm is the only one capable of delivering nuclear plants for the data center buildout. Power generation also factored into his latest discussion about GE Vernova Inc. (NYSE:GEV):

“Yeah so we have two themes. One is we have the actual building the data center and the other is do you have enough power to do it? Now GE Vernova is the cheap way to it because they’re natural gas. The problem is that they did not increase the capacity, there’s only three companies that make natural gas generators. They are one of them. They have increased capacity but you can’t get one until 2030. You can in a queue, 2028, they’re sold out. The question is, 2029, can you begin to get it? This is the other gating factor that calls for discipline. . .by the way, the nuclear power situation that we’re hearing, that’s 2035.

“Look, my charitable trust owns it, it’s been a home run. But I will tell you, I don’t like all these calls, because what happens is, you don’t have a lot of pricing power, if you’re sold out. . .if you’re sold out, you can’t raise prices because I’ve already bought it at a certain price. . .I do not think, that this stock, which I love, which should be at 700, is anything but another call for discipline for those who want to put up endless numbers of data centers.”

While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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