Element Solutions Inc surges after Jim Cramer’s endorsement, reporting a beat-and-raise quarter and 73% YTD gains.
Element Solutions Inc (NYSE:ESI) rose 34% in six weeks following Jim Cramer’s endorsement on *Mad Money*, driven by strong performance in semiconductor and AI infrastructure demand. The specialty chemicals company reported a beat-and-raise quarter last week, extending its year-to-date gain to 73%.
Shares trade at nearly 24 times this year’s earnings estimates, despite the rally. Cramer previously called the stock “terrific” in late March, citing its role in critical supply chains amid geopolitical risks. The company provides assembly, circuitry, and semiconductor solutions.
Cramer reiterated his positive view on April 13, calling ESI a “very, very good company” but noted other AI stocks may offer greater upside with less risk.