Jim Cramer Calls Bloom Energy an “Extraordinary Company”

Bloom Energy Corporation (NYSE:BE) is one of the stocks on Jim Cramer’s radar. Cramer discussed the company’s deal with Brookfield, as he stated:

“Away from the AI data center complex, the rest of today’s big winners were some of the most speculative stocks out there. The leader Bloom Energy, that’s an extraordinary company that can convert fuels like hydrogen or natural gas into energy without combustion. There… [has] been a great deal of skepticism about this one, and Bloom’s been working on it for the better part of a quarter of a century.

It seems to have come into its own, given that Brookfield, a very talented investor in energy and infrastructure, just announced a $5 billion partnership with Bloom to provide energy to, you guessed it, the data center. I mean, wow. This fuel cell verification took the heads of the myriad short sellers, 18% of this float was short, and cut their heads off. Encouraged a host of chasing investors to go back to the speculative favorites.”

Bloom Energy Corporation (NYSE:BE) develops and installs solid-oxide fuel cell systems that generate electricity from natural gas, biogas, or hydrogen without combustion. The company also provides electrolyzers for hydrogen production.

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