The Future of Nat Gas in Congress' Hands
Could Washington give natural gas the fuel it needs to move forward?
Cramer thinks it's possible given that the Republicans have made huge gains in Congress. He thinks a GOP-controlled House could lead to a vote on some major legislation that would provide incentives for natural gas-powered vehicles next year. If that happens, it would be a "huge win" for Westport Innovations .
The Vancouver, British Columbia-based company makes engines that are powered by natural gas and liquefied petroleum. It also produces the equipment needed to convert existing diesel-burning trucks into nat gas-powered ones. In doing so, it's teamed up with three of the top-four engine makers worldwide, including Cummins , Weichai and Volvo. Westport also supplies five of the top six truck and bus manufacturers on earth.
Westport shares are up 46 percent since Cramer recommended it on January 4 at $11.95 per share. The stock has slowed lately, though, but Cramer wonders if it isn't ready to resume its run higher. Its most recent quarter was strong and if Congress passes a nat gas bill, Cramer thinks WPRT would be the "perfect way" to speculate on it. To get an insider's perspective, Cramer invited CEO David Demers to appear on "Mad Money." Watch the video to see the full interview.
When this post was published, Cramer's charitable trust owned Cummins. Call Cramer: 1-800-743-CNBC
When this post was published, Cramer's charitable trust owned Cummins.
Call Cramer: 1-800-743-CNBC
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