Jim Cramer's Mad Money In-Depth, 11/6/07: Green Stocks = Greenbacks

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday November 6. Click on a stock ticker for more analysis:

Shaw Group (SGR), Foster Wheeler (FWLT), Borg Warner (BWA), OM Group (OMG), First Solar (FSLR), Fuel-Tech (FTEK), Tetra Tech (TTEK), MEMC (WFR)

Green plays mean green dollars, as Cramer reported the progress on eight “Green Day” plays since he initially recommended them in April. On average, they have increased 65% while the S&P has risen a modest 3.3%. The star player is SGR, which is up 147% and could still double, according to Cramer. FWLT rose 99%, but Cramer says it is more of an infrastructure play than a green play. BorgWarner saw a 38 % gain and has more room to run. OMG, the “dog of the green group” has dropped 5% because of uncertainty surrounding its pricing, and while it reported a “really good” quarter, Cramer is not going to tout it enthusiastically. First Solar, which reports on Wednesday, has increased a whopping 170%, and given its huge gain, Cramer would wait until after the report to buy. FTEK has risen 35.3 % and Cramer would sell FTEK rather than OMG. Tetra Tech has gained 16.9% and should go higher, said Cramer, but the real value of the group is MEMC, which is up 19.8% since April, and produces silicone that solar companies need; “The risk/reward is too good to give up," Cramer said.

Related: Eric Savitz reports MEMC shares rose on solar wafer supply deals.

CEO Interview: John Stumpf, Wells Fargo (WFC)

Cramer thinks WFC is getting unfairly punished because it is a bank, and while its quarter was nothing to shout about, WFC is the largest buyer of renewable energy in the U.S and is investing “aggressively” in green projects such as wind and solar farms. Stumpf commented the company is engaged in "really important projects where we can do well and do good at the same time." While the housing crisis has hit financials hard, Stumpf points out Standard & Poor’s and Moody’s triple-A rating on WFC and the bank’s solid balance sheet; “This is an opportunity for us,” he said. Cramer said WFC is the one bank investors should consider buying.

Related: Roy Mehta reports WFC reported a 4% increase in profits but missed targets.

Mad Mail: UBS (UBS), Oceaneering International (OII), lululemon (LULU) Cramer confessed to having been too bullish on retail and financials. He told one mailer to hold off on buying more UBS until the stock falls to $45. Cramer said he didn’t like OII’s quarter; “The execution was not good…” Cramer again declared victory in LULU and urged the mailer to sell; "The money's been made," he said.

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