Where Cramer Stands on a Buzzy Behind-the-Meter Name Powering the AI Build-Out
After an enormous run this year, Cramer said Wednesday that he would wait for a pullback in this name.
TL;DR
- Jim Cramer considers Bloom Energy his favorite way to invest in behind-the-meter electricity for the AI build-out.
- Bloom Energy shares have surged 219% this year, driven by demand for its fuel-cell systems powering AI data centers.
- The company's technology offers data center developers a quicker alternative to traditional grid connections.
- Bloom Energy reported significant revenue growth and raised its full-year revenue forecast.
- Despite strong fundamentals and future prospects, Cramer suggests waiting for a stock pullback before investing due to high valuation.
- Bloom Energy competes with other behind-the-meter power solutions, including those from GE Vernova.