Jim Cramer’s Best Performers List: 12 Stocks Cramer is Talking About

4. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 92

Talking about how GE Vernova Inc. (NYSE:GEV) is a result of General Electric splitting, Cramer said:

“GE Vernova was supposed to be the lagger because it represented GE’s long-suffering power business. But with power generation suddenly in incredible demand thanks to, yes, the data center, Vernova’s natural gas turbines are flying off the proverbial shells. Wind’s not bad either as long as it’s onshore and one day, nuclear plants will be built in great number. They know how to build small-form-factor nukes. That’s all Vernova.”

GE Vernova Inc. (NYSE:GEV) operates as an energy company that offers a variety of products and services associated with electricity generation, transfer, orchestration, conversion, and storage. Recently, the company was chosen to enter into award negotiations with the U.S. Department of Energy’s Hydrogen and Fuel Cell Technologies Office to lead a project focused on facilitating permitting and safety for hydrogen deployment. This initiative is backed by $1 million in federal funding from the DOE, with the terms and scope of the project still to be finalized.

A key component of the program involves H2Net, which is set to develop an AI Assistant tailored specifically to the critical documents necessary for safe hydrogen handling and permitting.

Additionally, on October 8, GE Vernova Inc. (NYSE:GEV) announced an order for three of its advanced 7HA.03 gas turbines to be installed at The Kansai Electric Power Company’s Nanko power station in Osaka, Japan. These turbines will replace older conventional LNG power generation assets, improving the overall efficiency of the plant while simultaneously reducing carbon dioxide emissions. According to Ramesh Singaram, President and CEO of GE Vernova’s Gas Power division in Asia, this plant is anticipated to deliver up to 1.8 gigawatts of electricity to the grid, positioning it among the most efficient power plants in Japan.