Not only does the company collect and recycle all kinds of items,"the company operates 22 waste-to-energy plants, where they use trash to create renewable power," Cramer explained.
Waste Management does that by extracting something called BTU content out of waste. "We take waste and we produce enough electricity to power about 1.2 million homes," explained David Steiner, the President CEO of Waste Management on Mad Money.
Plus, Waste Management has been switching their garbage trucks to run on natural gas," Cramer added. And the company even works to transform landfills into parks and green spaces.
"In my view, it's one of the greenest stocks around," Cramer said.
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Year to date shares are already about 20% higher, but Cramer thinks this looks like a case of buy high and sell higher.
In other words the catalysts outlined above should generate further gains. "I realize this stock has been working its way higher since the beginning of the year, but I think its move could be far from over," he said.
Disclosure: On April 25, 2013 Jim Cramer owned shares of Waste Management on behalf of his charitable trust.