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Jim Cramer Says This Utilities Stock Is A Buy: ‘We Need Cheap Power’


Jim Cramer Says This Utilities Stock Is A Buy: 'We Need Cheap Power'

Jim Cramer Says This Utilities Stock Is A Buy: ‘We Need Cheap Power’

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On CNBC’s “Mad Money Lightning Round,” Jim Cramer claimed Dominion Energy, Inc. (NYSE: D) is a buy. “We requirement cheap power,” he noted.

On Sept 19, Jefferies expert Paul Zimbardo launched insurance coverage on Dominion Energy with a Hold ranking and introduced a rate target of $58.

Cramer claimed he suches asDutch Bros Inc (NYSE: BROS). “I’m glad that they slowed their expansion,” he included.

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On Sept 12, TD Cowen expert Andrew Charles stated Dutch Bros with a Buy and kept a $47 rate target.

When inquired about Super Micro Computer (NASDAQ: SMCI), he claimed,“I need to see the financials filed.”

On Sept 20, Super Micro Computer introduced the invoice of non-compliance letter from the Nasdaq.

LyondellBasell Industries N.V. (NYSE: LYB) is not a supply that he is advising, Cramer claimed.

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On Sept 13, JPMorgan expert Jeffrey Zekauskas kept LyondellBasell Industries with an Overweight ranking and decreased the rate target from $113 to $110.

On Aug 2, LyondellBasell reported second-quarter monetary 2024 profits of $10.55 billion, up from $10.306 billion a year back, beating the consensus of $10.44 billion. Adjusted EBITDA stood at $1.37 billion (-5.3% Y/Y), and the margin gotten by 107 bps to 13%. Adjusted EPS stood at $2.24, beating the consensus of $2.23.

Price Action:

  • Dominion Energy shares acquired 0.8% to work out at $57.93 on Friday.

  • Dutch Bros shares acquired 0.2% to shut at $34.92 throughout the session.

  • Super Micro Computer shares acquired 4.6% to shut at $457.27 throughout Friday’s session.

  • LyondellBasell shares dropped 2.1% to work out at $94.04 on Friday.

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