Jim Cramer Calls Bloom Energy “The Real Deal” But Addresses the “Parabolic Move”

Bloom Energy Corporation (NYSE:BE) was among Jim Cramer’s recent stock calls on Mad Money. Inquiring whether the company is the “real deal,” a club member mentioned that they bought BE shares at $12.64 about 18 months ago, have already recovered their initial investment by selling 10%, and asked whether they should trim more of their position or hold. Cramer replied:

BE is the real deal. I wouldn’t mind, here’s this, we have cross-disciplines here. You did the right thing; you took out your cost basis. That’s what I always advise you to do. However, now get this, this is really important, we have what I call a parabolic move. Almost no parabolic move survives the next three or four weeks. So you’re going to take out a little bit right here. Maybe you take out another 10% and then just forget about it. But I cannot let a parabolic move go by without urging someone to sell it. I always, if I can, I’m not frozen for the Charitable Trust, I sell some in a parabolic move.

Stock market data. Photo by Photo by Alesia Kozik

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

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.