Jim Cramer Talked About These 9 Nuclear Power and Quantum Computing Stocks

3. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

Cramer discussed how GE Vernova Inc. (NYSE:GEV), despite being “the most important builder of nuclear plants”, is bearish about the near-term prospects of the technology.

“I will say that the most important builder of nuclear plants in this country, GE Vernova is about as bearish as the promoters are bullish. I’ve tried to coax CEO Scott Strazik to be more positive on the prospects, but he won’t. After all the engineering hurdles, cost overruns, and balance sheet damage associated with his plants, he doesn’t expect anything commercially viable for about a decade so I don’t think you wanna be in any of these nuclear stocks for too long.”

GE Vernova (NYSE:GEV) operates as an energy company and is positioning itself as a key player in the nuclear energy space. CEO Scott Strazik recently spoke about the company’s approach to nuclear energy during its last earnings call, highlighting both existing infrastructure and future growth opportunities.

Strazik noted that the company’s equipment is already installed in 65 nuclear plants in the United States alone. He pointed out that upgrades to these existing plants could add up to 3 gigawatts of additional nuclear capacity. As the nuclear power industry looks ahead to the 2030s, Strazik expressed optimism, stating that the sector is poised to add substantial capacity, with a focus on validating and advancing the technology over the next decade.

Furthermore, GE Vernova (NYSE:GEV) is targeting substantial growth in the small reactor market. According to CNBC, the company aims to generate more than $2 billion in annual revenue from small reactors by the mid-2030s. The company projects a demand for up to 57 small reactors across its target markets, including the U.S., Canada, the United Kingdom, and Europe, by 2035.