Jim Cramer says Bloom Energy Rewarded "The Believers"

Bloom Energy Corporation (NYSE:BE) is one of the stocks Jim Cramer recently discussed. Cramer discussed the company’s recent solid performance, as he said:

“How about Bloom Energy? Now, I’ve been waiting for this dog to do something for years, seven years and nothing. Their solid oxide fuel cells never seem to catch on. Too expensive… They lost hundreds of millions of dollars. But you know what? They never gave up. Sure enough, Bloom’s now the industry standard on on-prem, clean non-combustible energy at the data center, and they can’t make the product fast enough. Last night, they reported a true blowout quarter. Stock shot up 18%. I’ll take those gains. And you know who made the most money? The believers. That’s who… I’m not saying you should bet everything on the next Bloom Energy or that you should own every uranium ETF. I just want you to do what I recommend in How to Make Money in Any Market: speculate wisely because it’s worth trying to participate in these huge gains as long as you limit it to no more than one position.”

Bloom Energy Corporation (NYSE:BE) develops and sells solid-oxide fuel cell systems that generate on-site power by converting fuels like natural gas, biogas, and hydrogen into electricity.

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