A natural-gas subsidy bill is working its way through Congress, Cramer told viewers Thursday, that could jump-start the commodity’s use here in the US. Fuel Systems Solutions would be a big beneficiary if the legislation were passed.
Of course, Cramer made a similar call a year ago when Fuel Systems Solutions , which makes the components that allow vehicles to run on nat gas, was trading at $36.50. He expected Congress to take up the cause, but lawmakers balked instead. Then FSYS plummeted to under $10 a share. So what’s different this time?
For one thing, the natural-gas lobby seems to have finally poured money into lobbying Washington. The related companies are making their presence known, and that makes it harder for Congress to ignore them. Cramer said he thinks this is one reason the stocks have been soaring even though the commodity’s price has been trending lower.