On tonight’s MAD MONEY on CNBC, Jim Cramer said that a stock you can buy that didn’t even have to buy off politicians to do well is Clean Energy Fuels Corp. (NASDAQ: CLNE). This turns out that it was a rather large holding of Speaker Nancy Pelosi and her husband that was disclosed last week in the amount of $50,000 to $100,000 for their own investments back in 2007.
For those of you who follow alternative energy or follow marketpundits, this is T. Boone Pickens’ natural gas for auto vehiclesstock. Pelosi clean energy desires make this an interesting play, andit makes one wonder if more legislation along the lines of the Picken Plan is going to really come down the pipe.
Cramer believes this is as big of a ringing endorsement of the highestsort, but because it is thin volume he wants you waiting five daysbefore pulling the trigger.
This was recently downgraded by Broadpoint, and Pickens recently talked it up ahead of his traveling around to discuss the Pickens Plan. Shares were flat today, but after the Cramer tout this stock traded up 7% to $15.25 in after-hours trading.
Jon C. Ogg
August 25, 2008
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.