“I think it’s worth paying up for Constellation Energy,” the “Mad Money” host said Friday.
, Constellation is"the only thing that even comes close to a pure play on clean energy," Cramer said."They also have the cleanest balance sheet and they benefit from various state level nuclear subsidies," he added.
The company's commercial and industrial consumers, who make up a bigger part of their retail sales than residential customers, means"their profits are pretty much locked in with long-term contracts,"The host said he doesn't believe that Constellation's business will be threatened by a potential rollback of government nuclear subsidies or surge in uranium prices, especially since Constellation said it has enough uranium supply to last for years regardless of Russian...
He added that the company's stock is pricier than its two counterparts' stock, but the premium is warranted by Constellation's strong balance sheet."That said, obviously I'd like it below $50 on a pull back, just because it's had such a move from one month ago," he said.Disclaimer
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