Monday, November 10, 2008

PPG Industries Inc. as a green investment

PPG is a partial green investment for its wind and solar power plays.Although not a pure play

PPG Industries, according to Jim Cramer via Mad Money, is a stock worth investigating. For green investors, PPG Industries is growing its business in solar and wind power. For instance, its fiber glass business is doing really well thanks to large wind turbines, an area of huge upside potential, and Cramer thinks an Obama Presidency will be good for PPG.

Additionally, PPG is a great way to play China. Cramer also notes that PPG is a broken stock, but not a broken company, with a great dividend.

On a side note, during the Lightning Round, Cramer advised against FirstSolar and solar power in general until oil prices start going up.

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