GE Vernova Inc. (NYSE:GEV) is one of the stocks that Jim Cramer shared takes on, along with navigating market shortages. Cramer highlighted the company’s long-term prospects, as he said:
We’re a nation short on power, too. For years, our electricity barely grew, so power generation became a tough business, bad business. Biggest company, General Electric, suffered mightily, surviving on service and maintenance revenues. Now, though, big tech companies are erecting data centers willy-nilly to meet demand again for compute, and storage, and cooling. And that’s changed the almost moribund gas turbine business. It’s now one of the biggest growth stories in the world… There’s so much business there that they have the visibility on the earnings to the 2030s. You know, only J&J has that, and that’s a pharmaceutical company. That’s why that stock just soared today. Oh my God, it never stops.
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GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies.
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Disclosure: None. This article is originally published at Insider Monkey.