Jim Cramer Says “GE Vernova is a Very Important Company”

GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer put under the spotlight recently. Cramer said that he “immediately liked” the company’s earnings as he saw them. He commented:

“Take GE Vernova, General Electric’s old power business, which reported this morning. GE Vernova is a very important company because it’s responsible for a plurality of the energy that goes into, yes, you guessed it, the data center… I saw the numbers come out over the wire this morning, and I immediately liked them. The company showed excellent order growth as it has become integral to the need to feed these data centers an extreme amount of electricity… GE Vernova is one of the very few companies that can generate enough power to save these hungry behemoths.

Photo by Robb Miller on Unsplash

GE Vernova Inc. (NYSE:GEV) provides technologies and services for power generation, transmission, and storage across gas, nuclear, wind, and renewable energy systems.

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

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