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Jim Cramer Commented On Big Market Confusion & Discussed These 20 Stocks. Bloom Energy Corp. (NYSE:BE) is one of the stocks discussed by Jim Cramer.
Bloom Energy Corp. (NYSE:BE) is a fuel cell company that allows users to generate power without combustion. Its shares are among the market’s top performers as they are up by 1,667% over the past year and by 194% year-to-date. They closed 27% higher on April 29th, after the firm reported its first-quarter earnings. The results saw Bloom Energy Corp. (NYSE:BE) post $751 million in revenue and $0.44 in earnings per share to beat analyst estimates of $539 million and $0.12 by a wide margin. Ahead of the earnings, UBS discussed the firm on April 21st. It raised the share price target to $251 from $171 and kept a Buy rating on the stock. The bank cited optimism about Bloom Energy Corp. (NYSE:BE)’s exposure to the AI space. UBS’ optimism proved to be warranted, as the firm’s CEO commented during the earnings call that “Our pipeline today is diverse and robust in the AI segment.” Given Bloom Energy Corp. (NYSE:BE)’s share price performance, and Cramer’s preference to be called a “dollar sign represented by man,” his comments about the firm are unsurprising:
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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