We're booking some big profits in an AI data center energy play after the stock's big rally
Last week, management provided a strong order update and significantly increased its 2028 financial framework for revenue, margins, and free cash flow.
TL;DR
- Jim Cramer's Charitable Trust is selling 20 shares of GE Vernova.
- The trust's stake in GE Vernova will decrease to 1.45% from 1.8%.
- The sale aims to lock in significant gains, estimated at 61% on shares purchased in May 2025.
- GE Vernova shares surged after a recent Investor Day meeting, with management providing strong financial outlooks.
- Analysts have generally responded positively, with some upgrading ratings and price targets.
- The trust is downgrading GE Vernova to a hold-equivalent rating but reiterates an $800 price target.