Jim Cramer on CNBC’s ‘Mad Money Lightning Round’ shared his insights on Vertiv, AES, NextEra Energy, and Hertz. He recommended buying Vertiv, praising its recent sales growth and book-to-bill ratio. He also expressed positive sentiment towards AES, highlighting its affordability. Cramer, however, expressed uncertainty about NextEra Energy, needing more information before forming an opinion. Regarding Hertz, he expressed concern about the company’s recent performance.
Vertiv, a leading provider of data center cooling solutions, has seen a significant surge in its stock price due to the increasing demand for its products amid the artificial intelligence (AI) boom. Notably, the company experienced a remarkable 60% year-over-year increase in orders during its first quarter of 2024, resulting in a substantial 8% growth in net sales to $1.64 billion, exceeding Wall Street’s estimates of $1.62 billion.
