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Want to Bet on Wind Energy? Here's How

Ready to invest in wind energy? But don't know where to start? Here are the latest wind stock picks from TheStreet.com.

By TSC Staff May 26, 2008

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According to the U.S. Department of Energy, up to 20% of the country's energy supply could be generated by wind power by 2030.

This month, T. Boone Pickens' Mesa Power ordered 667 wind turbines as part of its plans for a giant wind farm in Texas.

Are you ready to invest in wind energy? But don't know where to start?

Here is the latest from TheStreet.com on the potential opportunities and risks in wind energy investing.

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Cramer: Wind Stocks Are Towers of Power (Video)

A lack of supply for towers has the wind sector on fire, says Jim Cramer. A pure (but speculative) play: Broadwind Energy (BWEN). Cramer thinks "this can be a gigantic, gigantic company."

Watch the full video below:

Plus, don't miss Cramer: Broadwind's the Weather Vane of Wind Sector (Video).

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

Cramer called Thomas & Betts 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 lack-luster 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.

From Pickens Places Big GE Wind-Turbine Order:

Mesa Power, a company run by well-known energy investor T. Boone Pickens, has ordered nearly 700 wind turbines from GE (GE)as part of its plans for a giant wind farm in Texas.

The company placed a $2 billion order for 667 turbines for the Pampa Wind Project, which will ultimately provide more than 4,000 megawatts of electricity, or enough for more than 1 million homes.

Read the full article.

From Cramer: Buy Wind for the Gusts and Glory:

Sanford Bernstein put out a fabulous report today about alternative energy that waxed wonderfully about wind and a little less wonderfully about solar. The latter isn't as loved, because the average selling price of solar is too high vs. the dirty competition, and it needs to cut its average selling price.

Two guys I respect, Warren Buffett and T. Boone Pickens, are both making huge splashes with wind. They are snapping up GE turbines left and right; if you recall, Buffett said he had to call in favors to get turbines, that's how back-ordered they are.

Read the full article.

Cramer: Buy Nat Gas Now, Wind in '09 (Video)

Cramer says we're in an energy boom, with natural gas set to balloon first, followed by alternative energies such as wind and solar.

Watch the full video.

From Cramer's 'Mad Money Recap': Woodward Governor's Big Wind Power Play:

Cramer called Woodward Governor a forward thinker that now estimates its wind power business to be worth $100 million by the end of fiscal 2008, compared to the consensus estimates of only $60 million.

To bolster its wind power business, Woodward recently added its first Chinese turbine manufacturer and is building a new factory in Colorado. He said the company's wind power business is growing at a staggering 150% a year, far more than any "high-tech" company can deliver.

Read the full article.

From Cramer's 'Mad Money Recap': Emerson's New Tech Look:

Cramer proclaimed that 2009 will be the year of wind power and recommended Owens Corning (OC) as his favorite wind power stock.

Cramer said that Owens Corning, often thought of as just a supplier of insulation, is transforming itself into a great global manufacturer of alternative energy components. The company now has a glass-fiber composites business that accounts for 33% of its sales.

Cramer said the glass composites business combines glass fibers with other materials to make incredibly strong and flexible substances for wind turbines, among other applications.

Read the full article.

From Jim Cramer's 'Stop Trading!': Win With Wind:

Cramer said that the U.S. is facing a shortage of supply of windmills. "Everybody who's involved in making them, it's a win still," Cramer said. He recommended Quanta Services (PWR) and Trinity Industries (TRN) as plays on his thesis.

Read the full article.

Plus, don't miss Cramer: Trinity Is the Wind Play (Video).

From Cramer's 'Mad Money Recap': America's New Tech Stars:

Cramer welcomed Dan Batrack, chairman and CEO of alternative energy supplier Tetra Tech (TTEK) to the show to discuss what he called the company's "breakout quarter."

Batrack said that his company had a very strong quarter, with net income up 30%, revenue up 35% and the company's backlog up 40%. He credited the company's growth to strong demand for wind power.

Batrack believes the U.S. wind power market is growing faster than the consensus forecast of 25% growth. He said his company has booked over $170 million worth of orders for wind products in the past 90 days He called wind power the faster growing energy input in most states across the country. "Wind is ready to go now," he said, "without any trade offs."

Cramer said viewers should "do some homework on wind power... I want you in a wind stock."

Read the full article. To stay up to date on wind and other industries within the energy sector, visit TheStreet.com'sEnergy/Commodities section.