Owens Corning Could Have the Wind at Its Back

This could be too dicey for many of you because of fears of residential housing, but the story in The Wall Street Journal today about the Indian wind-turbine firm Suzlon hitting turbulence because of cracking blades should make you run, not walk -- as my pal Dougie Kass likes to say -- to Owens Corning (OC - commentary - Cramer's Take), which makes the strongest blades by far in its composite materials division.

People always misinterpret the pressure and heat that blades have to withstand. A turbine generates a tremendous amount of both. The industry knows this, and OC's order book of composite fiber blades is soaring.

Of course, people are concerned about new housing starts and OC, and I can't blame them. But OC's insulation business is one way to keep heating and air conditioning costs down, and that could play a big role in sales.

The most important thing to remember, though, is that this story left out the punch line: Problems for Suzlon mean opportunity for OC.

Random musings: I think Quanta (PWR - commentary - Cramer's Take) is winning major orders for windmills, and Trinity's (TRN - commentary - Cramer's Take) business is booming, too, if you want to play the wind trend.

At the time of publication, Cramer was long Quanta.

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