“Saving energy is job one at just about every company in America,” Jim Cramer told fans of his “Mad Money” TV show Tuesday. With that in mind, Cramer advised market players to consider another new-tech company in Baldor Electric (BEZ). Baldor makes energy-efficient electric motors that help companies cut down on energy use. The Baldor Super E-line electric engine saves customers $1,200 a year on energy costs and commands a 20% premium to the company’s other engines. The Super E-line is growing by a whopping 25% and Cramer thinks it will grow even more. He also likes the stock for a play on the 2007 energy bill, which calls for more energy efficient motors to be used by 2010. Cramer mentioned that 16% of the float for Baldor is short due to the company’s large debt position. However, Cramer explained the company plans to cut its debt to below 30% of capitalization from 62%. “some positive news from Baldor could send these shorts running to cover and that would send the stock soaring,” he said.
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