Jim Cramer on Bloom Energy: "I Understand Why it's Going Up"

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.”

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.”

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Disclosure: None. This article is originally published at Insider Monkey.