All You Need to Know About Wind Energy

New Wind-Energy ETF Blows Into Town (Video, Jun. 29)

High oil prices have investors turning to wind-energy stocks. Robert Carey, chief investment officer at First Trust, says the new exchange-traded fund -- ticker FAN (FAN Quote) -- is the safest way to play the emerging sector.

To watch the video, click the player below:

From Cramer's 'Mad Money' Recap: Wade In with Kaydon:

Cramer explained that while Kaydon (KDN Quote) is best known for its industrial bearing business that mainly serves heavy industry as well as the aerospace and defense markets, the company is also the market leader in low-friction wind turbine bearings.

Wind power currently only accounts for 8% of Kaydon's sales, but is 50% of the company's current backlog. According to Cramer, wind power should account for 20% of the company's sales by 2009 and is expected to triple by 2010.

Read the full article.

From Cramer's 'Mad Money Recap': Stocks That Can Take a Hit:

Cramer called [Thomas & Betts (TNB Quote)] another "stealth" wind power stock that investors need to consider.

"Everything that wind touches is getting bigger," said Cramer who noted the management of Thomas & Betts is doing little to promote this small, but growing, portion of their business. Cramer said the company has also been selling unprofitable product lines and concentrating their efforts on its core competencies.

While Thomas & Betts reported lackluster earnings on April 30, Cramer noted the company said most of its sales will be during the latter half of the year. He also said the company's international exposure, which now stands at 40% of sales, is up from just 30% a year ago.

Read the full article.