Was Jim Cramer Right About These 12 Stocks?

1. Constellation Energy (NASDAQ:CEG)

Number of Hedge Fund Investors: 78

A caller asked whether they should buy more, hold, or sell Constellation Energy. Cramer issued a clear buy on the stock, saying:

“Look, this is a solar play that is a very good company.”

Constellation Energy is one of the largest producers of carbon-free electricity in the U.S., with a strong focus on nuclear, wind, and solar power generation. As demand for renewable energy and grid reliability grows, the company has positioned itself as a leader in the transition to cleaner power sources.

Despite the stock having already soared by that time, Cramer didn’t hide his bullish stance:

“It’s up a huge amount—47% for the year—but I think you can buy some. Please hold on to it. Do not sell it.”

Cramer gave some good advice to the caller, with the stock being up by an additional 83% since July 2024.

While we acknowledge the potential of CEG 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 CEG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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