Was Jim Cramer Right About These 13 Stocks?

8. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) is a global energy infrastructure company focused on natural gas turbines, grid modernization, and renewables. Back then, Cramer was very bullish on the company following the GE spin-off. Here’s his analysis:

“GE Vernova is a Colossus in the energy industry […]  Whenever you hear about efforts to modernize the power grid, know that these guys are getting a piece of that. And there’s a lot of money here because Biden’s various stimulus packages, especially the bipartisan infrastructure bill that has poured tens of billions of dollars into grid modernization that is so needed.

At the same time the rise of artificial intelligence has created this unheard of demand for electricity because the data centers the power of these platforms consume tremendous amounts of power. Electricity demand is now growing at a 5% annual clip which is huge for GE Vernova. […] As I see it wind power still has a lot of room to run.

If the company can hit its longer-term forecast, this stock will be a fantastic buy. But beyond the numbers I like GE Vernova because the company’s set up perfectly for the energy transition that’s expected to take place over the next two decades […]

Finally, I am impressed with CEO Scott Strazik who’s made a great case for this company on Wall Street. […]

Now what about the stock? I think it’s still worth owning […] While spin-offs often have a lot of volatility in their first few months, I recommend gradually building a position in this one.”

GE Vernova Inc. (NYSE:GEV) has skyrocketed 140.14% since that episode, strongly supporting Cramer’s bullish take on the spin-off.

On March 5^th this year, a caller asked if Cramer was still bullish on GE Vernova Inc. (NYSE:GEV) and here’s what he said in response:

“Yes, I am. I’m high on GE Vernova. I’m high on GE Aerospace. And if that dog, GE Healthcare would stop giving up the gains that it has, we own that for the trust, I’d be higher on that one too.”