Denault said the industrial renaissance in America's south and along the Mississippi River is ongoing. Furthermore, industries are taking advantage of Entergy's electricity rates, which are 20% below the national average, in order to build new plants. This gives Entergy numerous growth opportunities to increase its dividend, he added.
Entergy has a 4.5% yield.
Denault also talked about the recent transformer fire outside the company's Indian Point nuclear plant in Westchester County, New York. He noted the fire was extinguished quickly and the plant was safely shut down, but it must stay offline for a few weeks because the transformers are what transmit the power from the plant to the grid.
Cramer asked about new plants under construction, and the CEO explained that the company is working quickly to replace outdated plants and increase its capacity in order to meet demand. Many of the new plants are natural gas, which are the quickest to construct, but the company is also building nuclear and solar plants.
Cramer again recommended Entergy on the show.
Separately, TheStreet Ratings team rates ENTERGY CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENTERGY CORP (ETR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income."