Jim Cramer on Bloom Energy: “I Understand Why it’s Going Up”

Core Insights - Bloom Energy Corporation (NYSE:BE) is gaining attention in the stock market, particularly noted by Jim Cramer, who expressed a cautious view on the stock while acknowledging its rising value due to energy shortages [1][2] - The company specializes in solid-oxide fuel cell systems that generate electricity without combustion and provides electrolyzers for hydrogen production, serving various industries including utilities and data centers [2] Company Overview - Bloom Energy develops and installs solid-oxide fuel cell systems that produce electricity from multiple fuels without combustion [2] - The company's solutions cater to a wide range of industries, including healthcare, education, and manufacturing [2] Investment Thesis - Columbia Seligman Global Technology Fund holds an off-benchmark position in Bloom Energy, believing its technology addresses the electricity shortage impacting new AI data-center construction [2] - Bloom's fuel cells can connect to natural gas lines on data center campuses, allowing for quick power delivery without requiring extensive real estate [2] Market Performance - Bloom's stock price experienced volatility, initially bouncing back after a decline following the DeepSeek announcement, but ultimately moved lower during the quarter due to broader market fluctuations [2] - Despite the potential of Bloom as an investment, the fund suggests that certain AI stocks may offer better upside potential with less downside risk [2]