Cramer's 'Mad Money' Recap: Seeing Green

The one stock out of his green group that he still regards as a bargain is MEMC (WFR Quote) even though it is up 19.8% since April. This company has the silicon that solar companies are addicted to. "The risk/reward is too good to give up," Cramer said.

Finally, he said, Tetra Tech (TTEK Quote), up 16.9% since April, could also do better.

Wells Fargo Gets Green

With oil prices so high, it's time to start considering alternative energy plays such as Wells Fargo (WFC Quote), one of the few banks Cramer said he's been sticking by in the current period.

Wells Fargo, he said, has been investing "aggressively" in a lot of green projects, such as solar and wind farms. It also happens to be the largest buyer of renewable energy in the country.

When the bank last reported its quarter, it missed consensus estimates and consequently got hit, but it's still worth owning, according to Cramer.

Cramer suspects it's being lumped with a lot of bad banks and is being punished unfairly. Even though its quarter wasn't great, Wells Fargo had a few positives, including improved loan growth, and he's inclined to believe it deserves to go higher right now.

Cramer welcomed the financial institution's CEO John Stumpf to the show and asked him how his company has spent and developed green as a concept of making money for its business.