Jim Cramer’s 5 Stock Calls: Sandisk, Marvell, and AMD

4. Bloom Energy Corporation (NYSE:BE)

Bloom Energy Corporation (NYSE:BE) was among Jim Cramer’s stock calls as he suggested that many red-hot stocks can keep making investors money. Cramer noted that the bull run in this stock results from investor belief that such stocks will keep “climbing.”

Finally, there’s power and the incredible bull market in Bloom Energy, which alludes me, and of course, drives me crazy… In 1992, one of my best years, my then trader went rogue on me and decided to violate the discipline on a handful of high-fliers like the 16 stocks I just mentioned… This is an exciting energy play, can turn abundant hydrogen into electricity. Stock’s up 164% year to date, including a nearly $9 move today. $229, $229, remember that. With a stock like that, I would’ve waited for a pullback, maybe $218, maybe $200.

She (the above-mentioned trader) would insist that my discipline in this market is really going to cost me. With my attitude, my restrictions, I would never bring in Bloom Energy. So she would pick up the phone, and she would want 200,000 shares, right? She’d tell the broker this. She’d say, sweep the stock, sweep the stock to 235. But you get me in those 200,000 shares or else. That way, she got it, didn’t matter what price. That’s what you’re seeing right now. That’s what you’re seeing in a lot of these trading houses. That’s why these stocks do this.

They’re doing that kind of order. They believe in these stocks. They think we’re at the very beginning of the run. They don’t mind overpaying because they believe these stocks will get, keep climbing, climbing. And they’ve been right. Me, I’m never that certain. I wish I could be, but I’ve always maintained that discipline trumps conviction, and my discipline means refusing to chase… She’d perform a mental exercise. She would divide high-priced stocks by 10 to show me that it’s not so outlandish.

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.