Jim Cramer Shed Light on These 9 Stocks

6. Powell Industries, Inc. (NASDAQ:POWL)

Number of Hedge Fund Holders: 26

When a caller mentioned that Powell Industries, Inc. (NASDAQ:POWL) stock dropped off, Cramer said:

“It is unbelievable how badly that, I mean, I’m talking about, I did not see that coming. I think that I’ve gotta do more work on Powell because it has been a big, big disappointment.”

Powell (NASDAQ:POWL) specializes in designing, manufacturing, and servicing tailored electrical equipment and systems, such as substations, motor control centers, switchgear, and other related components. In November 2024, Cramer highlighted the company and remarked:

“We highlighted Powell Industries back in August. Here’s an old-line industrial that makes custom-engineered equipment to control electricity. Their machinery was primarily used by oil and gas companies, but lately, Powell’s become the supplier of choice for those who need critical electrical infrastructure… up almost 259% for the year.”

Cramer made the above comment on November 13, 2024, and since then, the stock is down over 24%.