Jim Cramer says this utility stock is a buy: ‘We need cheap energy’

Benzinga and Yahoo Finance LLC may earn commission or revenue for some articles through the links below.

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Dominion Energy, Inc. (NYSE:D) is a buy. “We need cheap energy,” he remarked.

On September 19, Jefferies analyst Paul Zimbardo initiated coverage on Dominion Energy with a Hold rating and announced a $58 price target.

Cramer said he likes it Dutch Bros Inc. (NYSE: BROS). “I’m glad they’ve slowed down their expansion,” he added.

Check:

On September 12, TD Cowen analyst Andrew Charles reiterated Dutch Bros with a Buy and maintained a price target of $47.

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

On September 20, Super Micro Computer announced receipt of a non-compliance letter from Nasdaq.

LyondellBasell Industries NV (NYSE:LYB) is not a stock he recommends, Cramer said.

Trends: This multi-billion dollar fund invested in the next big real estate boom, here’s how you can sign up for $10.
This is a paid advertisement. Please carefully consider the Fundrise Flagship Fund’s investment objectives, risks, fees and expenses before investing. This and other information can be found in fund prospectus. Read them carefully before investing.

On September 13, JPMorgan analyst Jeffrey Zekauskas maintained LyondellBasell Industries with an overweight rating and lowered his price target from $113 to $110.

On August 2, LyondellBasell reported revenue of $10.55 billion in fiscal 2Q24, up from $10.306 billion a year ago, topping the consensus estimate of $10.44 billion. Adjusted EBITDA was USD 1.37 billion (-5.3% Y/Y), and margin contracted by 107 bp to 13%. Adjusted EPS was $2.24, beating the consensus of $2.23.

Price action:

• Shares of Dominion Energy traded up 0.8% to $57.93 on Friday.

• Shares of Dutch Bros gained 0.2% to close at $34.92 during the session.

• Shares of Super Micro Computer gained 4.6% to close at $457.27 during the Friday session.

• Shares of LyondellBasell traded down 2.1%, hitting $94.04, on Friday.

The story continues

Wondering if your investments can take you to a $5,000,000 nest egg? Talk to a financial advisor today. The free SmartAsset tool connects you with up to three verified financial advisors serving your area, and you can interview matched advisors at no cost to decide which one is right for you.

Continue reading:

This article Jim Cramer Says This Utility Stock Is a Buy: ‘We Need Cheap Energy’ originally appeared on Benzinga.com