Cramer's Morning Take: GE Vernova 6/9/25

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Jim Cramer (0:46)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting.

SPEAKER_4 (0:54)

Meanwhile, we continue to see a lot of love still for this power generation theme. We have Barclays, Razor Estimates and Price Targets on a bunch of these related stocks. GE Vernova is their favorite because it has the highest exposure to what they call the best part of the electric utility capex, which is power transmissions. And that's more than offsetting their exposure to wind. They raised to 550 Goldman Sachs also goes to 570 this morning after an investor launch with the CEO. This is out in London. Barclays also raises the price target on Eaton as well, but they're more neutral on it.

Jim Cramer (1:29)

Right. Let's just talk about what's going on here. We have two... This is what I want to talk to you about to maybe trim something. I didn't like the way the stock just got crushed. New CEO. I thought that the bill of particulars was good, but I don't think it's going to stay up there like this. But let me tell you what I think is really interesting. This is being run up by two different kinds of investors.

This, you see it straight up, is nuclear, because they do have the best nuclear. But they would tell you, look, Scott Strachan told me, listen, it's going to be 2030, but it did seem previous to 2032 The people who are buying for turbines, they're not paying like this, because they know that turbines is wallets. It's a lumbering business, and they can only, they didn't expand the, I asked them, I pleaded with them to expand manufacturing capacity, because they were talking about how you, if you want to change the trade balance, you buy a turban. But there aren't any turbans, because they did not expand. Why? Because they've been beaten down so many times. Every time that they expected there would be a rush of orders, they were wrong. So this is, buy this for, buy this if you're nuclear, please understand, you're not going to have any numbers. Go buy that Oclo. I mean, these ones all go up on permission to be able to do something. But I'm just saying stay away from this, okay? I want real investors in this. Not, not, not investors, you don't understand.

SPEAKER_4 (2:53)

So just stay away if you're just going off pure enthusiasm over nuclear.

Jim Cramer (2:57)

Yeah, I don't like that. I mean, I saw it up today and I said, oh God, that's probably the new people again. Because it does have the best capacity for new. But this is a turbine company, okay? It's a turbine company and then a wind company.

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