Squawk on the Street Cramer's Morning Take: GE Vernova 6/24/25
Jun 24, 2025
The discussion dives into the potential of a promising energy stock, highlighting its substantial upside. Key strategies for replicating success across various business locations are examined, with notable case studies from Ecolab and Fidelity. Insights on current market trends in data centers reveal the need for smart investments. Additionally, the conversation touches on the future of energy, addressing the mispricing of a company's public offering and the emerging competition among trading partners.
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GE Vernova's Substantial Upside
- Jim Cramer sees substantial upside in GE Vernova despite its stock already rising.
- The company benefits from data center growth and supply constraints in gas turbines.
Morgan Stanley's Bullish Price Target
- Morgan Stanley raised GE Vernova's price target to $5.11 from $4.22.
- The increase reflects confidence in high-margin power electrification and gas turbine pricing power.
Mispricing Corrected by Secular Trends
- GE Vernova was initially mispriced due to underestimating data center and turbine market trends.
- Secular trends and supply dynamics now push the company toward significant growth.