I Trust GE Vernova (GEV) CEO, Says Jim Cramer

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

GE Vernova Inc. (NYSE:GEV) is an industrial power generation equipment manufacturer. The shares are up by 159% over the past year and by 20% year-to-date. It is one of Cramer’s favorite and most frequently discussed stocks. The CNBC TV host defended GE Vernova Inc. (NYSE:GEV) even during the firm’s recent struggles and believes that it is the best play when it comes to firms with exposure to the uptick in nuclear power generation stemming from the data center buildout. Baird discussed the firm in early February. It upgraded the stock to Outperform from Neutral and raised the share price target to $923 from $701. The financial firm discussed the current energy generation infrastructure cycle and pointed out that GE Vernova Inc. (NYSE:GEV) can benefit from it based on evidence from channel checks. Guggenheim also discussed the firm in late January and upgraded the stock to Buy from Neutral and set a $910 share price target. Some of the factors that it discussed included GE Vernova Inc. (NYSE:GEV)’s cash generation, capital returns, and margin expansion. In this appearance, Cramer discussed nuclear power demand:

“I’m just saying that, the CEO of GE Vernova, Scott Strazik, was right there and he’s talking about ’31, ’32. Now he knows more because that’s the company that builds the most nuclear reactors and services them. So I trust him more than I trust the people who say, including maybe the Secretary of Energy who’s a little too bullish.”

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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.