Jim Cramer - Mad Money GE Vernova GEV-N BUY ON WEAKNESS Jan 22, 2025

It reports Wednesday. Data centres are red hot and need energy and power plants, which they will need from GEV. GEV had a good 2024 and should have a good 2025.

She's up 160%, so she trimmed it. It's fairly rich. Are better opportunities in data centres like Eaton. Would buy back GEV at better levels.

Today they reported a strong quarter and positive full-year forecast despite the tariff turmoil and inflation. The stock is a good entry point now. They beat Q1 revenues.

Likes industrials as a whole, especially the global ones. His choice in the space.

This has run so far that it's too expensive now. Multiples don't support future cash flow growth.

They won't raise capacity and the industry has been burned many times. They need to expand capacity and build more turbines.

Just had a nice little pullback, but long-term chart looks great. Backlog for turbines is deep, being sold into natural gas and nuclear plants.

By far is the best-performing industrial on the S&P, up 193% the past year. Has been hit hard lately since Trump came out against wind subsidies. GEV has a wind division, but GEV is chiefly a natural gas play.

Makes gas turbines -- sold out for next 5 years, doubling prices. That's reflected in the stock. Getting more richly valued, but it's a way to own NVDA via industrials. At the tail end of AI demand, so it will follow the pack in that segment.