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Jim Cramer's 'Stop Trading!': Get Energized by Owens Corning

TheStreet.com Staff

Seeking for alternative energy plays? If so, Jim Cramer said he still finds Owens Corning (OC Quote) as the best way to play alternative energy on CNBC's "Stop Trading!"

Cramer discussed how Boone Pickens is informing Americans of the importance of moving toward alternative energy, such as wind power, right now and moving away from foreign oil. Owens Corning can benefit from such a movement toward wind power technology since the company makes composites that go on windmills, stated Cramer. He also said the company makes insulation that can sustainably cut energy use. Although he sees potential with the stock, he warns that the stock has some downside risk since the company is levered to housing.

Cramer also agreed that 1%-2% of our power comes from wind, stating that even if we simply double our wind usage, it would be "a big deal" for those levered to this alternative energy, such as Owens Corning.

Cramer also likes Chesapeake Energy (CHK Quote) and hopes to get the CEO on his show soon.