We recently published Jim Cramer Recently Discussed These 11 Stocks & Said The Robots Are Coming. NRG Energy, Inc. (NYSE:NRG) is one of the stocks Jim Cramer recently discussed.
NRG Energy, Inc. (NYSE:NRG) is a large American energy company that produces electricity, trades in commodities, and conducts other operations. The shares have gained a massive 70% year-to-date, primarily on the back of a 31% jump in May ahead of which the stock had gained a considerably less 28%. NRG Energy, Inc. (NYSE:NRG)’s shares jumped in May after the firm’s first-quarter revenue and EPS beat analyst estimates and the firm announced a massive $12 billion deal to acquire power generation assets which led it to increase its long-term growth rate to 14% from 10%. For Cramer, NRG Energy, Inc. (NYSE:NRG) was part of his top stocks to watch for the second half due to growing power demand. His comments were brief:
“NRG will be up, you need a lot of power.”
Close up image of an engineer inspecting the control panel of a modern power plant.
Cramer mentioned NRG Energy, Inc. (NYSE:NRG)’s exposure to the technology industry in June. Here is what he said:
“Then there’s NRG. I mean, it’s part of a small group of utilities known for their relatively clean power, and a lot of tech companies want clean energy for their data centers. NRG works directly with them, and it also partners with GE Vernova, a Charitable Trust holding that makes the turbines for their power plants.”
While we acknowledge the potential of NRG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
