Jim Cramer Recently Shed Light on These 9 Stocks

1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

Cramer has been adulating GE Vernova Inc. (NYSE:GEV) for a while now. During the episode, he commented:

“… GE Vernova is pulling forward, plans to reopen nuclear plants at considerable costs. You’ve heard about the reopening of one of the Three Mile Island reactors. Now there’s talk about finishing two nuclear plants in South Carolina that were stopped because of hideous cost overruns. These plants, initiated in 2008, were so hard to build in 2017, they just kind of threw up their hands and gave up. Now Santee Cooper is soliciting bids due in May to rebuild these state-owned plants, a fortune, maybe they get it, but nukes are still pie in the sky people.”

GE Vernova (NYSE:GEV) is an energy company that offers products and services for the generation, transmission, and storage of electricity around the world. Recently discussing the outlook for nuclear plant construction in the U.S., Cramer noted that while the company is a key player in the industry, it is much more cautious than the promoters pushing for nuclear energy. However, Cramer enthusiastically noted during an episode of Squawk on the Street:

“And he (CEO Scott Strazik) goes, okay, you see [inaudible] five gigawatts of nuclear power in the US between existing facilities and restarting existing fleets of approximately sixty-five plants. Five gigawatts would power approximately four million US homes. They’re talking about South Carolina, they’re talking about doing a Diablo Canyon. They’re going to Japan! Where Japan is recommissioning after Fukushima. To London. It is a nuclear renaissance and it is now…. [on South Carolina] And that’s going to be them. They have the capability of bringing these back online. And it’s cause of the data centers. This is a real good story.”

While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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