Bloom Energy Corporation (NYSE:BE) is one of the stocks Jim Cramer was focused on. Discussing speculative stocks for energy, Cramer mentioned BE and said:
“What [are] examples of what speculation means?… Second kind of speculation, thesis stocks. Case in point, America’s short on power. We need every kind of energy. We have to tap into hydrogen fuel cells. That’s Bloom Energy.”
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Bloom Energy Corporation (NYSE:BE) designs and installs solid-oxide fuel cell systems that generate electricity from natural gas, biogas, or hydrogen without combustion. During the September 16 episode, Cramer said that he should have recommended the stock but did not. He commented:
“Now I’ve always admired Bloom’s technology, but frankly, I never thought much of its stock because the company’s been a chronic money loser. For years, the stock did nothing, and eventually I stopped paying attention to it. That was wrong. And now we’ve got still one more reason why, Oracle. If you want to build as many data centers as Oracle’s planning to, you need turnkey power because we know that electricity’s the biggest gating factor for these behemoths…
While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.