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Jim Cramer 'Can't Be A Fan' Of Company 'That's Losing That Much Money' After CEO's Profit Assurance

Published 12/10/2023, 14:11
Updated 12/10/2023, 15:40
© Reuters.  Jim Cramer 'Can't Be A Fan' Of Company 'That's Losing That Much Money' After CEO's Profit Assurance
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Benzinga - by Lisa Levin, Benzinga Editor.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said SolarEdge Technologies, Inc. (NASDAQ: SEDG) is "interesting. It’s down a lot…I really want you to take a hard look at First Solar, Inc. (NASDAQ: FSLR), which is doing so well, and I think it’s a strong buy right here."

While speaking about Plug Power Inc. (NASDAQ: PLUG), Cramer said he "can’t be a fan of a stock that’s losing that much money when the CEO told me they’d be making some money." The company’s shares have lost around 38% year-to-date.

"I’m going to make a stand and say you should own KeyCorp (NYSE: KEY)," Cramer said.

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The "Mad Money" host said Monster Beverage Corporation (NASDAQ: MNST) is a "very good company. It has not gone up as much, I think, because a lot of people are liking Celsius Holdings, Inc. (NASDAQ: CELH). Cramer added that he likes both of these companies.

Price Action: Shares of Celsius fell 0.8% to close at $165.75, while Monster fell 1.6% to $49.60 on Wednesday. KeyCorp rose 1% to settle at $10.56, while Plug Power climbed 5.3% to close at $7.54 on Wednesday. First Solar shares slipped 0.1% to close at $151.50, while SolarEdge fell 0.4% to settle at $124.54 on Wednesday.

Now Read This: Top 5 Consumer Stocks That May Implode This Quarter

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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