Cramer's 'Mad Money' Recap: Seeing Green

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Investing in "green" stocks can be profitable, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

To Cramer, green stocks are companies that benefit from the trend in corporate environmental responsibility.

As evidence, Cramer ticked off eight companies that have gained an average of 65% since the third week in April when he picked them. By contrast, the S&P 500 has risen about 3.5% over the same period.

Shaw Group (SGR Quote), the first of his green plays, is up 147% since April and "could still double," Cramer said.

Foster Wheeler (FWLT Quote) is up 99% since April, Cramer said, noting it's worth owning more for its infrastructure component than for its green component.

BorgWarner (BWA Quote) is up 38% since April and still has legs, Cramer continued.

OM Group (OMG Quote) has been "the dog of the green group," he said. It went down 5% since April because of uncertainties regarding its pricing. And although its recent quarter was "really good," he said he's not going to be too aggressive in recommending it.

First Solar (FSLR Quote), up 170% since April, reports tomorrow, with Cramer expecting analysts to raise estimates. Cramer said he would wait for it to report before buying, because it's had such a big run.

Fuel-Tech (FTEK Quote) is up 35.3% since April, Cramer said. Instead of getting out of OMG, Cramer said he would rather ring the register on FTEK.

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