A Winning Utility Stock
In this market, there’s nothing safer than a company with a big dividend with consistent earnings, Cramer said Monday. That’s why he likes FirstEnergy.
(RELATED: Cramer's Top Dividend Stocks 2011)
Not only are the utilities one of the “Mad Money” host’s favorite places to hide, he thinks FirstEnergy could be the “biggest utility winner from the EPA’s new emissions regulations.”
That’s because the company gets 90 percent of its output from either nuclear or scrubbed coal that’s already cleaner than the EPA needs. Plus, FirstEnergy is also benefiting from its acquisition of Allegheny in February of last year.
To learn more about the company and where it’s going, Cramer sat down with President and CEO Tony Alexander. Watch the video to see the full interview.
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