Over the past few weeks, Cramer has been highlighting American manufacturers that are developing new technologies that are solving the world’s largest problems. His next pick in the series was SPX (SPW). He pointed out that SPX has four divisions (flow technology, test and measurement, thermal equipment and industrial products and services), all of which have exposure to either alternative energy, industrial automation, or power conservation. Cramer explained that SPX’s flow technology division makes water pumps that make food and drinks cleaner and pumps that make power plants more efficient for power transformers. The company’s test and measurement division produces systems that increase efficiency. Its thermal equipment division makes cooling systems for power plants and its industrial products and services division makes power transformers for electric utilities. Cramer said he really likes SPX’s power transformer segment because there’s a once-in-a-generation transformer equipment replacement cycle that is under way. Cramer told market players to buy SPX but don’t pay up because the stock lacks trading liquidity.
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