Jim Cramer Doesn’t Like This Tech Stock: It Is ‘Losing A Lot Of Money’

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he doesn’t like BigBear.ai Holdings, Inc. (NYSE:BBAI) as it is “losing a lot of money.”

BigBear.AI, on Oct. 27. reported third-quarter revenue of $43.58 million, beating analyst estimates of $38.94 million, according to Benzinga Pro. The company reported a quarterly loss of three cents per share, beating expectations of a six-cent-per-share loss.

Cramer said he doesn’t know Proto Labs, Inc. (NASDAQ:PRLB).

On the earnings front, Proto Labs, on Oct. 29, reported better-than-expected third-quarter financial results.

When asked about Enphase Energy, Inc. (NASDAQ:ENPH), he said, “I can’t recommend them, not when I have NextPower (NASDAQ:NXT).”

Enphase Energy, on Oct. 27, reported worse-than-expected third-quarter financial results and issued fourth-quarter sales guidance below estimates.

Cramer said Dow Inc. (NYSE:DOW) is “so levered to China. We need China to do better.”

Dow reported better-than-expected third-quarter earnings and revenue on Oct. 22.

Price Action

• Proto Labs shares fell 3.8% to settle at $66.48 on Wednesday.
• Enphase Energy shares rose 3.7% to close at $31.55 during the session.
• Dow shares declined 3.2% to settle at $32.70.
• BigBear.ai shares gained 1.2% to close at $2.56.

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