On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Applied Digital Corporation (NASDAQ:APLD) with the stock coming down. “Start it small, don’t start it big because it is losing money,” he noted.
Applied Digital announced that it will host a conference call on Monday, July 27, to discuss its operations and financial results for the fiscal fourth quarter.
Cramer recommended buying Bloom Energy Corporation (NYSE:BE) as it has “come down a great deal and it’s a non-combustible way to be able to power data centers.”
Truist Securities analyst Christopher Souther, on Tuesday, initiated coverage on Bloom Energy with a Hold rating and announced a price target of $250.
“I think double down right now. A 6% yield. You want to own it. I think it’s terrific for people who want fixed income,” Cramer said when asked about Enterprise Products Partners L.P. (NYSE:EPD).
On July 9, JP Morgan analyst Jeremy Tonet maintained EPD at Neutral and raised the price target from $41 to $42.
The Mad Money host said no to Lennar Corporation (NYSE:LEN). “I’ve tried to own some of these stocks in an atmosphere where people think that they may raise rates, and even though I don’t think they will, it is just too hard, including a great company like Lennar,” he added.
Citigroup analyst Anthony Pettinari, on Wednesday, maintained Lennar with a Neutral rating and lowered the price target from $104 to $88.
X-Energy, Inc. (NASDAQ:XEG) is a “pure spec,” Cramer said. “It’s nuclear, and the problem with nuclear is everyone’s just decided it’s just too darn expensive.”
On the earnings front, X-Energy reported worse-than-expected first-quarter sales on June 4.
Cramer said he would remain long on Construction Partners, Inc. (NYSE:ROAD) and may buy some more. “I think that’s a road builder that should be bought. I bet it’s going to be consolidated if it stays down here. I think you’ve got a good one,” he added.
Construction Partners announced that it will release its fiscal third-quarter results on Aug. 7, before the market opens.
Price Action:
- Applied Digital shares gained 2% to settle at $29.03 on Wednesday.
- Bloom Energy shares dipped 1.7% to close at $239.38 during the session.
- Lennar shares rose 1.9% to settle at $85.29 on Wednesday.
- Enterprise Products Partners shares declined 0.6% to close at $37.52.
- X-Energy shares fell 1.8% to settle at $15.06 on Wednesday.
- Construction Partners shares gained 6.7% to close at $103.86 during the session.
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