Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

Page 15 of 22

8. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders In Q3 2024: 89

GE Vernova Inc. (NYSE:GEV) is another General Electric spin-off. It is an industrial equipment provider that caters to the needs of power generation and storage companies. GE Vernova Inc. (NYSE:GEV)’s shares have gained 154% since the split-off earlier this year as the firm has benefited from the robust demand for clean power generation spurred by AI and the data center industry. The growing demand coupled with interest rate pressures has also made GE Vernova Inc. (NYSE:GEV) shift its attention away from costly wind power generation projects to more favorable gas and other projects. These include nuclear power, which is an industry that has captivated Wall Street amidst the ongoing data center rush. Cramer’s comments surrounding GE Vernova Inc. (NYSE:GEV) focused on nuclear plans, and particularly its CEO:

“But look, there’s a guy, Scott Strazik, he sat there. Right there. I wanted him to go nuke so badly. And he’s talking 2032, 2033! And he’s real businessperson. He is not a fly by night guy, he is not a guy whose trying to boost NASDAQ stocks. No he’s not trying to Robinhood anything, he is literally a businessperson.”

Page 15 of 22