Jim Cramer 'Takes A Pass' On This Money-Losing Utilities Stock
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Fluence Energy, Inc. (NASDAQ:FLNC) is losing a lot of money and is down 50%. “I'm going to have to take a pass on that name,” he added.
Mizuho analyst Maheep Mandloi supports Cramer’s view. On July 14, Mandloi downgraded Fluence Energy from Outperform to Neutral but raised the price target from $6 to $10.
Regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Cramer would “rather just see what they report at this point.”
The contract chipmaker, on July 10, reported revenue of about 263.71 billion New Taiwan dollars (US$8.3 billion) for the month. This represents a 17.7% decrease from May 2025 but a 26.9% increase compared to June 2024.
Cramer said, at this point, he would wait for GE Vernova Inc. (NYSE:GEV) to come in.
Citigroup analyst Andrew Kaplowitz, on July 14, maintained GE Vernova with a Neutral rating. He also raised the price target from $354 to $544.
When asked about Nebius Group N.V. (NASDAQ:NBIS), Cramer said, “Just buy CoreWeave (NASDAQ:CRWV), don't deviate.”
On July 14, Goldman Sachs analyst Alexander Duval initiated coverage on Nebius Group with a Buy rating and announced a price target of $68.
Quantum Computing Inc. (NASDAQ:QUBT) is a “money-losing company, and if we get rid of the fervor for the moment about quantum, you'll be buying that $17 stock at $7. And that's what I worry about the most,” Cramer said.
As per the recent news, the firm, on July 15, disclosed that a top-five U.S. bank placed an order for its quantum communication platform, valued at approximately $332,000. This deal marks the company's first commercial sale of its quantum security technologies in the domestic market.
Price Action:
- Fluence shares gained 4.8% to settle at $8.32 on Tuesday.
- GE Vernova shares rose 0.8% to close at $559.61.
- Nebius shares gained 3% to settle at $53.53 on Tuesday.
- Taiwan Semiconductor shares gained 3.6% to close at $236.95.
- Quantum Computing shares dipped 6.7% to settle at $17.67 on Tuesday.
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