Jim Cramer Says He Is a “Huge Believer” in Bloom Energy

Bloom Energy Corporation (NYSE:BE) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Mentioning that they own shares of both ExxonMobil and Diamondback Energy, a caller asked whether they ought to sell half their positions in those stocks and get into BE. Cramer replied:

I actually like that idea very much. Now, I know Bloom has moved up a lot, but I am a huge believer in Bloom because remember, this is that non-combustible fuel… obviously, we’re going to be less worried about the environmental damage. I think that situation makes a lot of sense, and you should do it, maybe even as soon as tomorrow.

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. When a caller inquired about the stock during the May 8 episode, Cramer responded:

Listen to me… you should buy it, okay?… You want to be in this Bloom Energy. This is non-combustible power. You know how hard it is to find that? All the data centers are going crazy for it.

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.