6. Bloom Energy Corporation (NYSE:BE)
Bloom Energy Corporation (NYSE:BE) was on Jim Cramer’s Mad Money game plan for the week ahead. Cramer mentioned that he wanted to add the stock to the Charitable Trust’s portfolio, but it “just got away.”
Next, now, you might not have heard of this company, Bloom Energy, but this company makes solid oxide fuel cells, which can turn pretty much any fuel into electricity without combustion. It’s amazing. The data center operators love this stuff. Bloom could have a gigantic quarter. I wanted to buy it for the Trust. It just got away and got away and got away.
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. On April 22, Cramer discussed the stock’s rally and said:
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.
While we acknowledge the potential of BE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BE and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see Jim Cramer’s Week Ahead: 5 Stocks in Focus, Including Corning and Verizon.
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