Cramer's 'Mad Money' Recap: Green Market

Stock quotes in this article: FWLT , SGR , GS , COF , VCLK , AQNT , KO  

"It's time to change our position on companies that encourage going green," Cramer said. "This is a landmark decision."

Environmentally Friendly

"Every stock levered to a cleaner environment should go higher in the near future," he told his viewers.

On the first day of his "Green Day" series, Cramer focused on his two favorite plays in the power sector: Foster Wheeler (FWLT Quote) and Shaw Group (SGR Quote). These two companies, he said, are "making themselves cleaner and the atmosphere cleaner."

Now that the Supreme Court has decided to make pollution "public enemy No.1," Foster Wheeler "is attractive for its low multiple," Cramer said. "This one is going to take a huge run." He believes that the $68 stock will go to $105.

Foster Wheeler is "a leader in fluidized bed boilers," Cramer said. Power plants use boilers to convert coal, gas or wood into energy, and the best part about Foster Wheeler's boilers is that they're "flexible" and allow power plants to cut sulfur dioxide and nitrogen oxide emissions, he said.

"This company is so in the sweet spot, it's scary," Cramer said, adding that regardless of its environmentally friendly nature, he considers it a "great buy" right now.

Moreover, Shaw Group has nuclear power, which is the "best way to go -- from a global warming perspective," he continued. It recently won a couple of contracts, expects to get more contracts in the next few months and "has a huge inside edge on nuclear projects in the U.S. and abroad," according to Cramer.

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