Jim Cramer's Stop Trading! Buy Green

With oil so expensive, alternative energies are powering ahead.

Author:: TSC Staff
Publish date:: Nov 9, 2007 3:35 PM EST

Go green, Jim Cramer said Friday on CNBC's Stop Trading! segment.

Shaw Group

(SGR)

has just been unbelievable,

First Solar

(FSLR) - Get Report

has been amazing," he said. When oil goes to $100, every crummy technology works, Cramer explained.

"There is a trillion dollars worth of projects that the Shaw Group may be bidding for ... green is money." Cramer assured viewers that the money in green stocks goes beyond mere tree-hugging, calling environmental plays "money tree-hug."

Cramer said maker of silicon solar panel components

MEMC

(WFR)

was performing very well, noting, "We have not nearly enough silicon solar panels. ... These stocks are here to stay."

Enjoy a Squeeze This Weekend

Cramer also noted that financial stocks are experiencing a short squeeze.

Saying there was a short-covering rally before the bell, Cramer noted that the stocks were turning as he spoke. "You gotta ring the register and take your profits if you're a short-seller," he said. "Even dogs have their day."