Cramer's 'Dream Market' Of Alternative Fuel Stocks: Quantumscape, Plug Power And More

Tech stocks, as well as banking, aerospace, retail and many other sectors have all had "their day in the sun" and now, according to Jim Cramer, it is time for investors to pay more attention to a "dream market" of alternative fuel companies.
Hydrogen power: At the top of the list are potential future energy giants like Plug Power Inc (NASDAQ: PLUG), Cramer said on Tuesday on Mad Money. The hydrogen fuel cell company saw its shares rise more than 1,000% in 2020. Hydrogen cell company Bloom Energy Corp (NYSE: BE) gained 300% while Ballard Power Systems Inc (NASDAQ: BLDP) gained 200%.
EV Play: Self-driving electric vehicles are not possible without companies that make the technology that powers the cars.
Luminar Technologies Inc (NASDAQ: LAZR) is a manufacturer of laser-based sensors and competes against Velodyne Lidar Inc (NASDAQ: VLDR).
EV vehicles need access to charging stations. At the top of this market is Blink Charging Co (NASDAQ: BLNK). The stock rose from a 52-week low of $ 1.25 to a high of $ 48.70 in 2020.
But in the end, Cramer's top pick, Quantumscape Corp (NYSE: QS), maker of a lighter and faster rechargeable battery for electric vehicles.
Related link: Warning, Elon Musk. These EV startups are trying to take on Tesla
Rare Earth Minerals: Rare earth mineral company Mp Materials Corp (NYSE: MP) is a US-based company with a "hammer lock" for magnets for electric motors, Cramer said.
Why the interest: These "alternative energy companies" have expertise in unique technologies that used to be "too expensive" but are now much cheaper to produce, said Cramer.
The group also benefits from a potential catalyst for a Joe Biden government that is more supportive of alternative energies, Cramer said.
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