Jim Cramer · Oracle · X · CNBC Technology
Where Cramer stands on a buzzy behind-the-meter name powering the AI build-out
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CNBC's Jim Cramer said Wednesday that Bloom Energy remains his favorite way to invest in behind-the-meter electricity powering the artificial intelligence build-out.
Key facts
- Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world
- Second-quarter revenue jumped 166% to $1.07 billion, crushing estimates, while adjusted earnings of 78 cents per share nearly doubled expectations
- Management also raised its full-year revenue forecast to between $3.9 billion and $4.2 billion, with the midpoint implying sales will double
- Bloom trades at roughly 108 times this year's expected earnings-per-share and 59 times next year's EPS estimates
Summary
Bloom shares have surged 219% this year, including 34% this month, as demand for its onsite fuel-cell systems has accelerated alongside the construction of power-hungry AI data centers. Management said it could deliver power to an Oracle data center within 55 days. Second-quarter revenue jumped 166% to $1.07 billion, crushing estimates, while adjusted earnings of 78 cents per share nearly doubled expectations.