Jim Cramer on Nuscale Power: 'I'd Wait for the Stock Offering'
NuScale Power Corporation (NYSE:SMR) is one of the 16 stocks Jim Cramer recently discussed. Answering a caller's question about the company, Cramer stated:
'NuScale, okay, here's the problem with NuScale, it is… really, really high. Here's the answer with NuScale, if it does an offering here, that's when I'd buy. I'd wait for the stock offering after what happened with Oklo tonight.'
A Nuclear power plant with all its safety & security protocols in place.
NuScale Power (NYSE:SMR) develops nuclear power plants that use modular light water reactor technology. On May 28, when a caller asked about the company, Cramer diverted them toward GEV as he commented:
'But why don't we just buy GE Vernova? I mean, you know, it's been a winner for the club. I think it can go higher. I really like it. Look, they're both parabolic. Nuscale has been straight up, and so has GE Vernova, but GE Vernova's got a book of business. That's what I like.'
While we acknowledge the potential of SMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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