Jim Cramer Backs GE Vernova Despite Concerns on Wind Business
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.