Jim Cramer Likes This Utilities Stock: 'I Think You've Got A Good One'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes NextEra Energy, Inc. (NYSE:NEE) and recommended buying the same. “I think you've got a good one,” he added.

On Jan. 24, NextEra Energy Inc posted in-line earnings for the fourth quarter and said it continues to expect adjusted EPS of $3.45-$3.70 for FY25.

Cramer’s Take On Tech Stocks

• Fastly, Inc. (NYSE:FSLY) has missed the quarter too often, Cramer said. “If you want to be in that, you want to be in Cloudflare (NYSE:NET).” The San Francisco-based company will release financial results for the fourth quarter after the closing bell on Wednesday, Feb. 12.
• A10 Networks, Inc. (NYSE:ATEN) is “up in a straight line, it's a parabolic move.” He noted that although it's a good company, but he can't recommend parabolic stocks. “Let that one come in,” he added. The San Jose, California-based company, on Feb. 4, posted better-than-expected earnings for its fourth quarter.

Other Stocks In Focus

Danaher Corporation (NYSE:DHR) has been bad for him, the Mad Money host said. “That last quarter was terrible, and, frankly, they were very smug on the call talking about how good it was, and that was a very ill-advised strategy that they adopted, and I don't like it.”

Supporting his view, Raymond James analyst Andrew Cooper, on Feb. 3, downgraded Danaher from Outperform to Market Perform.

IES Holdings, Inc. (NASDAQ:IESC) is Jeffrey Gendell's [Chief Executive Officer for IES Holdings] company, Cramer said. “He is a, just an amazing man.”

As per the recent earnings report, IES, on Tuesday, reported quarterly earnings of $2.64 per share, up from $1.86 per share from the same period last year. The company reported $749.50 million in sales during the quarter, compared to $634.40 million the same period last year.

Cramer said Schlumberger Limited (NYSE:SLB) is a “really great” company, but he doesn't want to recommend the stock. “It's the best house in a bad neighborhood, and we don't want to be in bad neighborhoods,” he added.

In the recent news, Schlumberger's OneSubsea joint venture on Tuesday entered an agreement with Vår Energi to deliver a subsea production systems work scope, aimed at supporting multiple upcoming oil and gas developments on the Norwegian Continental Shelf.

Price Action:

• NextEra Energy shares gained 0.1% to settle at $69.27 on Thursday.
• Fastly shares dipped 2.4% to close at $9.99 during the session.
• Danaher shares fell 1% to settle at $210.01.
• IES shares climbed 8.4% to close at $242.10 on Thursday.
• SLB shares fell 1.9% to settle at $40.05.
• A10 Networks shares fell 1.3% to close at $20.55 on Thursday.

Read Next:

• Top 2 Industrials Stocks That Are Ticking Portfolio Bombs

Image: Shutterstock