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Jim Cramer Backs GE Vernova Despite Concerns on Wind Business

GE Vernova logoGE Vernova
Sig2.27Sen+2.12Env+0.35Soc0.00Gov0.00
NuScale Power logoNuScale Power
Sig2.15Sen-5.25Env0.00Soc0.00Gov-1.20

Jim Cramer addressed concerns about GE Vernova’s struggling wind business, saying he is not worried given the stock’s drop and that he may buy more. GE Vernova reported $11.1 billion in second-quarter revenue, up 22% year over year, with $24.2 billion in new orders and a $176 billion backlog, contrasted with NuScale’s weak revenue and limited liquidity.

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