Cramer Urges Waiting on Bloom Energy After 219% Stock Surge
Updated
Updated · CNBC · Sep 30
Cramer Urges Waiting on Bloom Energy After 219% Stock Surge
1 articles · Updated · CNBC · Sep 30
Summary
Bloom Energy is still Cramer’s preferred AI-power play, but he told investors to wait for a pullback rather than chase shares after their 219% rise this year and 34% jump this month.
The caution rests on valuation: Bloom trades at about 108 times expected 2026 earnings and 59 times next year’s estimates, even as Cramer says the long-term story can keep climbing.
Demand for Bloom’s behind-the-meter fuel-cell systems has accelerated with AI data-center buildouts because they can deliver onsite power faster than grid connections; management said it powered an Oracle site within 55 days.
Second-quarter results reinforced that momentum, with revenue up 166% to $1.07 billion, adjusted EPS at 78 cents nearly doubling expectations, and full-year revenue guidance lifted to $3.9 billion-$4.2 billion.
Bloom now faces a key test on Oct. 27, when third-quarter results will show whether hyperscaler, neocloud and AI-lab demand can justify the stock’s sharp rerating.