CNBC’s Jim Cramer said Bloom Energy remains his preferred way to gain exposure to behind-the-meter electricity (power generated at or near a facility) supporting the artificial intelligence build-out, although he would wait for a pullback before buying. Bloom shares have surged 219% this year and 34% this month as demand for its onsite fuel-cell systems has grown alongside AI data-center construction. The modular systems can provide primary and backup power outside the public grid and convert fuel into electricity without combustion. Bloom delivered power to an Oracle data center within 55 days, offering developers an alternative to waiting years for a grid connection. The company reported second-quarter revenue of $1.07 billion, up 166%, and adjusted earnings of 78 cents per share, while raising its full-year revenue forecast to $3.9 billion to $4.2 billion. Cramer highlighted the company’s customer growth and said long-term investors should not chase the stock, which trades at roughly 108 times this year’s expected earnings and 59 times next year’s estimates. Bloom is scheduled to report third-quarter results on Oct. 27.