Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

3. Chart Industries, Inc. (NYSE:GTLS)

Number of Hedge Fund Holders: 40

Cramer highlighted that he recommended Chart Industries, Inc. (NYSE:GTLS) frequently when Mad Money was first started.

“Chart Industries makes highly engineered equipment used in the engineering and in the energy production process and it’s run up 57%. That’s the stock we used to recommend all the time when we first started the show. Once again, big moves there. I can’t say they’re unreasonable. These are three very profitable businesses, reasonable valuations. They’re about to face a much more benign regulatory environment.”

Chart Industries (NYSE:GTLS) designs, engineers, and manufactures equipment and technologies for processing gas and liquid molecules, providing solutions for industrial gases, LNG delivery, natural gas processing, and heat exchangers across various industries. In its third-quarter results, the company reported a performance that did not meet expectations, largely due to the timing of large, high-margin projects. However, despite this, it saw strong growth in incoming orders and an expansion in margins.

During this period, the company achieved a record gross margin of 34.1%, which was driven by successful cost synergies from its acquisition of Howden and other operational efficiencies. The company’s adjusted EBITDA increased by 53.9%, reaching $260.7 million, a reflection of its operational effectiveness. In addition, the company generated $174.6 million in free cash flow, which was primarily used to reduce net debt. This helped lower the company’s net leverage ratio to 3.04 by September 30.

Chart Industries (NYSE:GTLS) also highlighted significant orders from nuclear sector customers during the earnings call, including EDF of France. CEO Jill Evanko mentioned that the company is now serving the “new leader in the space” with its industrial fans. In addition to this, he said that the company provides critical equipment like gas circulators, fans, turbines, and air coolers to support SMR technologies.