Jim Cramer Calls Bloom Energy’s Valuation “Dangerous”

Bloom Energy Corporation (NYSE:BE) is one of the stocks Jim Cramer talked about, along with market froth. Cramer noted why stocks like BE are “booming,” as he commented:

Let’s start with the alternative energy plays, which are booming because most of the data centers want clean energy. That’s why Bloom Energy is up a quick 75% year-to-date. You heard me, 75% after nearly quadrupling in 2025. There is a catalyst here, although it’s not necessarily a great one at this point. American Electric Power, AEP, the big utility, confirmed in a regulatory filing that it’s buying fuel cells from Bloom. Though we actually already knew that. This company’s also now solidly profitable and its earnings should grow at 150% clip this year. That’s good. But the stock ain’t exactly cheap, trading at 150 times this year’s earnings estimates. That’s dangerous to me… Stocks that have really caught fire again in 2026 because those are the things that got really hammered. I mentioned some of these. Bloom Energy plunged 49% from its November high to its mid-December low. Now, Bloom is back above that November high, but this darn thing was still cut in half in a matter of weeks.

Photo by Nicholas Cappello on Unsplash

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.

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