For the initiatives to reduce energy consumption, Cramer recommended Comverge (COMV) which makes the technology that allows utilities to lower their power output during peak hours.

Comverge (COMV) was upgraded from Market-weight to Overweight, Thomas Weisel said. Lower guidance and cancelled secondary have hurt the stock recently. Still, the fundamental business outlook remains positive. $36.50 price target.

Upgrades outdated electric grid in the US.
Recent IPO.
Improves utilities margins.

ditto

Energy/grid efficiency company with tremendous growth potential. Efficiency is where greentech is heading.

This company is moving fast and gobbling up its competition. This is an aggressive player and will be there after the rest have fallen due to there business strategies.

great story, strong earning potential

From Barron's 5-21-07

"Comverge owns and /or operates demand response (DR) systems for utility companies and manages their electricity loads through virtual peaking capacity (VPC) programs. By managing electricity demand, Comverge improves grid reliability and enables utilities to increase available electric capacity, thus allowing them to satisfy peak energy demand on a more cost-effective basis than conventional alternatives such as building and operating gas-fired "peaker" plants. Comverge estimates that its VPC programs are as much as 40% less expensive than building and operating gas-fired "peaker" plants. We believe Comverge's stock is poised to move higher as the company provides a low-cost and environmentally unobtrusive demand-side solution to meet an estimated 281 gigawatt of additional electricity capacity that will be required by fiscal year 2025."