Cramer Says Thursday Will Be A Landmark Day For Wind Power

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08:04:56 pm on July 15, 2008

In his mad money TV show Tuesday, Cramer says “I think Thursday will be a landmark day for wind power”. Why Thursday, because coming Thursday Texas Public Utility Commission makes an important ruling that will significantly boost wind power in the state. Also at 4 cents per kilowatt, Cramer says wind energy is the cheapest form of renewable energy.

This proposal/ruling will create 8 renewable energy zones in the state, which will provide much needed infrastructure to connect remotely located wind farms to the existing power grid. According to Cramer, his Wind-EX (10 Wind Energy Stock Index) will the stocks tracked in “Wind-Ex” Trinity Industries (TRN) Thomas & Betts (TNB) Owens Corning (OC) Clipper Windpower (CRPWF) Kaydon Corp (KDN) Broadwind Energy (BWEN) Woodward Governor (WGOV) MasTec (MTZ) Vestas Wind Systems (VWDRY) Otter Tail (OTTR)

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