We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. Bloom Energy Corporation is one of the stocks Jim Cramer recently discussed.
Bloom Energy Corporation is a fuel cell manufacturer that enables electricity generation from fuels such as natural gas without relying on combustion. The firm has partnered with utility American Electric to supply data centers with electricity. Cramer used Bloom Energy Corporation as an example of how companies with exposure to data centers are seeing their fortunes turn around. The firm has seen interest in its products due to shorter generator delivery timelines when compared with gas-powered electricity generation turbines. Here is what Cramer said about Bloom Energy Corporation:
“Witness a little company called Bloom Energy. BE. Well they have a non combustible engine which they have been working on for 20 years. And I have just counted these guys out because they have lost hundreds, hundreds of millions of dollars over the last seven years that they have been public. And then boom, everybody wants them, everybody wants their on-prem energy package. I mean there they are. They have real earnings.”
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This article is originally published at Insider Monkey.
