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Cramer's 'Mad Money' Recap: Power Rangers

01/09/06 - 07:32 PM EST

TheStreet.com Staff

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If the California Public Utilities Commission votes for a $2.8 billion solar power energy program, the solar stocks should jump, Jim Cramer told "Mad Money" TV viewers Monday.

That's because the CPUC sets the country's alternative energy policy, he said. And the best way to play these stocks is to get in early because the sector is growing at 50% a year.

He said that one of the best "stealth solar power" plays is ATS Automation, a Canadian industrial automation company whose second business is solar power.

Its ADR trades on pink sheets, so he said that he would be willing to buy it in Canada because it's a substantial company with a big upside in its solar power division. ATS has 25 facilities worldwide and 4,000 employees.

Cramer reminded viewers that he identified SunPowerSPWR, Evergreen SolarESLR and Suntech PowerSTP as solar power plays before anyone else in the market and that if you bought early then you made some mad money.

He also told a caller who bought Energy Conversion DevicesENER at $36 not to let the stock go just because it's trading near $45.

Instead, Cramer said he would take a little off the table.

Damage Control

Cramer said that in the wake of the Sago mine tragedy in West Virginia, the government will have to start spending money to improve its mining safety record.

A recent Knight Ridder investigation reported that mine safety enforcement investigation has eased since 2001, that major fines for coal companies have dropped 10% over that same period and that mine violations increased 18% in 2005.

The article's takeaway, Cramer said, is that the Bush administration is to blame. And once the administration starts to feel the heat, it'll go to Mine Safely AppliancesMSA and buy way more stuff than it needs in a drastic effort at damage control.

The stock has yet to go up, but it will soon, Cramer predicted.

He added that the Sago disaster will not ultimately hurt coal stocks, and said that he likes Peabody EnergyBTU.

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At the time of publication, Cramer was long Intel, Microsoft and Qualcomm.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.


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ENER was an Breakout Stocks pick on 2007-10-12