Jim Cramer on GE Vernova: "I Think You Need a Better Entry Point"

GE Vernova Inc. (NYSE:GEV) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer said that the company has “more business than it can handle,” as he stated:

CNBC Investing Club members, look out. You’re going to be flooded with emails Wednesday because Charitable Trust holdings, Danaher, Starbucks, GE Vernova, Microsoft, Meta, and Corning all report. Let me give you a preview… GE Vernova has been acting funky. Look, I think that’s really a function of the monster move that it’s had over the years. When it was spun out from GE in April 2024, the stock was at $140. Now, it’s at $657. GE’s old power division has more business than it can handle, courtesy of the data center. Again, I love it long term, but the expectations are sky-high for the moment. I think you need a better entry point.

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies. Cramer called it one of his “absolute favorite stocks” during the episode aired on January 15. The Mad Money host remarked:

You know, I’m glad you mentioned GE Vernova. I hit it up today. I saw it was down. I say that’s ridiculous. This company is on fire. What does GE Vernova do? Well, it does natural gas turbines, and it does nuclear. And I think it’s ridiculous that the stock is down since the year began… and we own it for the Charitable Trust. It’s one of my absolute favorite stocks.

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