Bloom Energy Corporation (NYSE:BE) is one of the stocks in focus in Jim Cramer’s latest lightning round. Noting that Cramer was “less sanguine” about the stock, a caller asked about it. Here’s what Mad Money’s host had to say in response:
“Well, but here’s the issue. As I went public with Oklo in the 30s, once you have an energy stock, small SMR, here’s the deal. We’re so short [on] energy that any, we need every single one. I’m including Bloom. So I understand why it’s going up. It’s not my cup of tea, but I understand why it’s going up.”
Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels
Bloom Energy Corporation (NYSE:BE) develops and installs solid-oxide fuel cell systems that generate electricity from various fuels without combustion, and also provides electrolyzers for hydrogen production. The company’s solutions serve industries ranging from utilities and data centers to healthcare, education, and manufacturing. Columbia Seligman Global Technology Fund stated the following regarding Bloom Energy Corporation (NYSE:BE) in its Q1 2025 investor letter:
“The fund held an off-benchmark position in Bloom Energy Corporation (NYSE:BE), which manufactures solid oxide fuel cells that produce electricity and provide an alternative, non-traditional source of energy. Our investment thesis on Bloom is that its technology offers a solution to the electricity shortage that overhangs new AI data-center construction in the U.S. and around the world. Bloom’s fuel cells plug into a natural gas line that fits on a data center’s campus without taking up much real estate, and the company can ramp up power delivery quicker than other energy providers. Bloom’s stock price bounced back after moving lower following the DeepSeek announcement. A concern was that if companies could develop AI models that use fewer chips and therefore less energy, the need for more energy to power data centers could wind down. Despite Bloom’s stock price bouncing back in February, the stock ultimately moved lower during the quarter due to volatility at the end of March, in line with the majority of the equity market.”
While we acknowledge the potential of J as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.