meta_pixel
Tapesearch Logo
Log in
Squawk on the Street

Cramer's Morning Take: GE Vernova 10/22/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 22 October 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Cramer calls this energy stock’s decline ‘absurd.’ Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Jim Kramer and you're about to hear a sample taken directly from today's

0:06.5

CBC Investing Club morning meeting.

0:08.6

Now one of the stocks that is going to close this low that I think is unjustified is

0:13.2

G.U.

0:14.2

Vernova.

0:15.2

Now we had a lot of stocks, a lot of things going on with ACHLO and a lot of things going

0:18.2

with new scale, a bloom energy, all sorts of ways to be

0:23.9

able to get power that are untraditional. This is a traditional turbine company. Now, this decline

0:30.2

is absurd. It was an amazing quarter. They have so much business. They're going to get a lot

0:35.1

of hyperscale business. But wrong day report. And I would urge people to wait until tomorrow, because you also saw vertib down the line, inverted a good quarter, wait until tomorrow and start buying it. And I would suggest that we start buying. Yeah, it was a good quarter. You had a nice beat on revenue. EBITDA better than expected. The equipment backlog was up $4 billion and $2 billion

0:56.0

in services.

0:57.0

That's just sequentially, by the way.

0:59.0

By segment, you had good results from both power, electrification, wind, which we knew was

1:04.0

going to be the issue, that was weaker.

1:07.0

And that's why they reaffirmed the full year outlook, which, look, when you're a high multiple stock, you have to raise.

1:13.0

But electrification, they actually raised and wind was lower.

1:16.2

So there were some offset there.

1:17.6

They actually made a deal they announced.

1:20.6

They're buying the remaining 50% stake of Prolek GE.

1:24.6

This is going to accelerate electrification's growth.

1:27.3

It's a big deal, $5 billion purchase

1:29.1

price. Yeah, and they can now consolidate. Again, why is this down? It's because the other guys who are

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.