Finding the Right Way to Play Wind

Now, let's put it all together: cheapest form of energy, pureplay (as opposed to Otter, GE or Trinity) with ramping sales, in a business where Warren Buffett has to rely on the kindness of GE to get the darned things.

It's been a tough business to invest in. The endlessly advertising Vestas -- big double truck spread on A12 and A13 in today's Journal -- has been inconsistent. Zoltek (ZOLT - commentary - Cramer's Take), a maker of the heavy duty carbon fibers needed for wind mills, has accounting problems as of yesterday.

I think it may be BWEN's time. We are still early in wind, although not as early as that big field of wind towers between LA and Palm Springs that always seemed like a giant bust, and we know wind doesn't work in many places. Buffett made that point yesterday.

But this BWEN may be the ticket in a supply-constrained industry. A new speculative play that's worth owning for certain investors.

Random musings: I think NYSE Euronext (NYX - commentary - Cramer's Take) finally has it down and even though April volumes were bad the cost cutting will make the difference, especially now that it is starting in Europe... Sorry, I don't believe the Bank of America (BAC - commentary - Cramer's Take)-Countrywide (CFC - commentary - Cramer's Take) deal is dead, because if it were going to be dead it would be dead already.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

At the time of publication, Cramer was long NYX.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.