Energy
Cramer's Alternative Energy & Green Stocks (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)
Published:
Last Updated:
On tonights MAD MONEY on CNBC, Jim Cramer wanted to pitch in on covering the green-tech stocks. He says he has no politics on his calls because he is just looking at these as opportunities to make money. Cramer’s green stocks are up 68% on average since he covered that Massachusetts ruling back in April. His stocks from back then and here are his reviews now:
- Shaw (SGR) up from $30 by 146% in nuke power infrastructure he thinks it can still double.
- Foster Wheeler (FWLT) up 99% and being driven by non-green demand, it’s still a favorite but for another reason.
- Borg Warner (BWA) is up 38% and still has legs in cleaner engine parts, Cramer thinks it goes higher.
- OM Group (OMG) is actually down on refining cobalt and he said he’d have given up if last quarter wasn’t good.
- First Solar (FSLR) was up big today on a $1 Billion contract. Its up 170% since his recommendation and he thinks it can go higher with analysts racing each other to raise targets. It reports Wednesday but he says it is expensive and he’s look at it speculatively.
- Fuel-Tech (FTEK) is one that Cramer would rather sell than OM Group.
- MEMC (WFR) is an arms merchant for solar makers in making wafers for solar panels; too good to pass it up; it’s cheap and he thinks out of all green stocks that this one is still bargain. MEMC is his TOP PICK in the alt-en sector.
- Tetra Tech (TTEK) is his play on the water group and he likes the last buyout with an international footprint.
He doesn’t see a single one where he thinks the run is over. In a call-in he was also positive on Zoltek (ZOLT). As far as BP’s (BP) initiatives in a call-in, he thinks it is an after-thought and right now it doesn’t add up right. SunPower (SPWR) in a last call-in is one that he’s been behind and he thinks Cypress Semi (CY) is the play off it.
Another alternative energy stock an analyst said could double is Capstone Turbine (CPST) today in an unrelated report. That was Lazard, and its analyst also defended Itron (ITRI) on recent weakness.
Jon C. Ogg
November 6, 2007
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
