Cramer's 'Mad Money' Recap for July 15

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"I think Thursday will be a landmark day for wind power," Jim Cramer proclaimed to the viewers of his "Mad Money" TV show Tuesday.

At a cost of only 4 cents per kilowatt, Cramer said wind power is the cheapest form of renewable energy. He said the entire wind power industry could get a boost on Thursday when the Texas Public Utility Commission makes an important ruling that will significantly boost wind power in the state.

Cramer said the proposal would create eight renewable energy zones in the state, providing much needed infrastructure to connect remotely located wind farms to the existing power grid. He said the decision will likely set the precedent for other states to get behind wind power.

Cramer revisited his index of 10 wind power stocks levered to the growth of wind power created on May 28. Since its creation, the "Wind-ex" is down 11.8% along with the overall markets. But Cramer said after Thursday's expected ruling, the wind story will get better than ever.

The "Mad Money" Wind-ex includes Trinity Industries (TRN Quote), a stock which Jim owns for his charitable trust, Action Alerts PLUS, which is down 19.7%; Thomas & Betts (TNB Quote), also down 19%; Owens Corning (OC Quote), down 20%; Clipper Windpower (CRPWF Quote), down 22%; Kaydon Corp (KDEN Quote), down 15.8%; Broadwind Energy (BWND Quote), down 18%; Woodward Governor (WGOV Quote), down 11%; MasTec (MTZ Quote), down 1.6%; Vestas Wind Systems (VWDRY Quote), down 1.9%; and Otter Tail (OTTR Quote), the only one in the group with a gain of 15.8%.

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