Cramer Clean Power Company Plays (APR 16, 2007)

Cramer on tonight’s MAD MONEY said he’s pulling a complete-180 because of a recent ruling out of the Massachusetts Supreme Court on alternative energy investing on the EPA.  Two weeks ago Cramer said that unless you are in a couple solar names you wouldn’t know that the ruling came out or what it is.  MASS ruled against the EPA for not regulating auto emissions enough.  Before this time, states didn’t have the right to sue before because the EPS is is a joke.  Cramer said that now it is too costly to pollute and think you can get away with it, and now the White House no longer can destroy the environment purely for profits.  Because of this Cramer now supports investing in companies for clean energy now.  You can make monet top to bottom in the entire alternative energy section.

So Cramer said he is unveiling an entire series to "Green" this week." He said he was already positive on First Solar (FSLR) $17.00 ago, but he has new picks now.  Cramer has a list of new stocks for this alternative nergy sector: The two companies Foster Wheeler (FWLT-NASDAQ) and Shaw Group (SGR) are both good companies that help power companies clean up their power plants.

Cramer thinks FWLT can now go to $105.00 because their energy burners are flexible and allow many uses of their burners; he also thinks that they may have enough capital to get back to NYSE listing and then they could start buying back stock.

He likes SGR for helping to build  nuclear power plants, mainly because that is the pure-play against global warming.  He likes its recent contract win from Westinghouse and he thinks it is just the beginning. They are the #2 nuclear design firm.

Jon C. Ogg
April 16, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.