Cramer welcomed Michael Thaman, chairman and CEO of Owens Corning (OC) to the show to discuss his company’s wind power and energy conservation business. Thaman explained that insulation is one of the cheapest ways to make a house more energy efficient. He mentioned he is seeing a growing trend with homeowners looking for ways to cut their energy bills. He said Owens is the market leader in the insulation business and the company thinks that 60 million homes in the U.S. are under insulated. Moving on, Cramer mentioned that Owens has a growing wind power business. The company makes fiberglass reinforcements that are used in wind-tower blades. “The wind-power industry expects 10% to 15% growth,” Thaman said. However, he noted that the industry is known for underestimating demand which is bullish for Owens. Thaman acknowledged that his company’s roofing business is struggling but he sees things turning around now that the industry has seen consolidation. “I am so glad I got behind your company,” Cramer told Thaman. He said investors have a great opportunity to buy this stock at $24.
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