GE Vernova Inc. (NYSE:GEV) is one of Jim Cramer’s Hottest Nuclear Energy Stock Picks, Hits & Misses. GE Vernova Inc. (NYSE:GEV) makes and sells power generation equipment such as nuclear reactors. Its shares are up by 152% over the past year and by 108% since Cramer discussed the firm on January 22nd.
GE Vernova Inc. (NYSE:GEV) has become one of the CNBC TV host’s top stock recommendations, particularly when it comes to nuclear stocks. Apart from the firm, he has been hesitant to recommend any other nuclear stock and has also cited GE Vernova Inc. (NYSE:GEV)’s nuclear plant delivery estimates as being a key factor behind his optimism. The shares closed 15.6% higher on December 10th after the firm raised its multi-year revenue and free cash flow outlook. In January 2025, Cramer recalled asking GE Vernova Inc. (NYSE:GEV) CEO to not hold him back when it came to being enthusiastic about the firm and mentioned the revival of nuclear plants in South Carolina:
“There’s going to be a renaissance. And it’s ahead of schedule. I asked him, I said listen, don’t do this to me, I’m going to go all heavy on this ship. I don’t, hold me back, hold me back. . . . It is a nuclear renaissance and it is now.
“[on South Carolina] And that’s going to be them. They have the capability of bringing these back online. And it’s cause of the data centers. This is a real good story.”
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