Cramer's 'Mad Money Recap': Nordic American's Juicy Dividend

Of the 10 Wall Street analysts coving Nordic American, only three have buys on the stock. Cramer said these analysts are operating on the faulty assumption that day rates will be going lower. He believes tanker stocks are levered to how many ships are out there, and not short-term swings in the rates.

Cramer said he loves the oil tanker story and Nordic American.

A Geothermal Power Play

Cramer celebrated the 60th anniversary of the State of Israel by highlighting geothermal power company Ormat Technologies (OTA Quote) as a great "stealth" Israeli play.

The stock has risen 51% since Cramer first recommended Ormat on Feb. 2, 2006. The company, which is based in Reno, Nev., is 60 percent owned by Ormat Industries in Israel. "This is a stock you can be proud of," said Cramer, referring not only to the stock's performance, but also the company's green energy nature.

Cramer explained that while Ormat's geothermal power generation is competitive with wind power on cost-per-megawatt basis, there are only a limited number of areas where geothermal energy is viable.

Despite that limitation, Cramer said there is still a lot of room for Ormat to grow. The company currently produces 400 megawatts of power and plans to add up to 100 megawatts a year. Ormat currently has 174 megawatts under construction.

According to Cramer, only one of the seven analysts covering the stock rate it a buy. He said this only leaves lots of room for upgrades as Ormat continues to under-promise and over-deliver on its earnings.