NextEra Energy: Cramer's Top Takeaways

Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

There are very few growth utility plays out there, and if NextEra Energy (NEE) wants to remain one of them, the company needs to swallow its pride and get its acquisition of Oncor completed.

Cramer explained that in 2015, NextEra offered to buy Oncor, and now the company has only the powerful Texas Utility Commission standing in its way. The commission holds another hearing this Thursday, and it's time for NextEra to get the deal done.

NextEra has tried, and failed, to make two other acquisitions since 2006 and Cramer said that now the company's credibility is on the line. The Oncor deal may only represent 25 cents a share in earnings next year, but without the deal, NextEra will have little growth to speak of, and that will be a blow to shareholders.

Shares of NextEra trade at 18 times earnings, Cramer concluded, and without a deal, that multiple will be in jeopardy.

Meanwhile, on Real Money, Cramer says you really should be paying attention to these great, boring companies. Find out more about why he thinks they're interesting; get a free trial subscription to Real Money.

Cramer and the AAP team say they're confident in Western Digital (WDC) due to improving fundamentals in storage. Find out what they're telling their investment club members. Get a free trial subscription to Action Alerts PLUS.

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To read a full recap of this episode of "Mad Money," click here.

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At the time of publication, Cramer's Action Alerts PLUS had a position in WDC.

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