Real Money’s Chris Versace had an interesting point on alternative energy today. I can understand why several of the solar stocks are up big today, but if at least one of the driving forces here is how the next presidential administration will be favoring alternative energy programs, then why not LEDs, which use 10% the energy of a conventional light bulb and are getting traction in all sorts of applications (notebook computers, PCs, televisions and autos) and wind power related companies. Potential plays here could be CREE and Rubicon Technology for LEDs and Trinity Industries for wind power. Position: Long CREE The techonology for making LED’s more efficient are rapidly improving to the point where they are actually serious competition for flourescent light bulbs. They have other serious advantages too, such as a lack of mercury and a willingness to work in tandem ...

Tontine PartnersTontine Capital Partners - Holding AnalysisThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.If you're unfamiliar with Gendell and his Tontine Partners, then here's what you need to know. Founded 11 years ago, Tontine is a $10 billion fund ran by Jeffrey Gendell. He specializes in macro investing and takes very large, concentrated positions in companies he feels will benefit from those macro themes. Additionally, he will take on an activist role when necessary, to ensure shareholder returns. The fund has posted returns in excess of 100% in both 2003 and 2005.So, let's get right down to it... what was Jeffrey Gendell ...

“Around the globe, wind-generating capacity has been expanding at a rapid 30% clip in recent years,” notes value investor Nathan Slaughter.

The editor of Half-Priced Stocks looks at industrial products firm Trinity Industries, adding, “Its most promising division is the production of structural wind towers.” Here’s the latest “deep-discount’ buy.

“Led by states such as Texas and California, wind farms around the country will generate almost 50 billion kilowatt hours of electricity this year. Of course, the U.S. is still playing catch-up with many other regions.

“In fact, countries such as Spain, Portugal and Denmark all rely on wind farms for as much as one-quarter of their total power needs.

“Across Europe, wind turbines will account for roughly one-third of all new generating capacity installed over the next few years and could provide electricity for 90 million people by 2010.

“The outlook is even brighter in many booming, energy-hungry Asian markets. In China, installed wind

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Cramer proposed an informal Wind ETF based on stocks that make up the various sectors participating in the wind business…companies that make the blades, towers, infrastructure. Cramer didn’t necessarily recommend buying all of these stocks, as he was simply creating an index for what he believes is a long-term growth play. He does love Trinity and Otter Tail. Here are the stocks: 1. Trinity Industries (TRN) 2. Otter Tail (OTTR) 3. Woodward Governor (WGOV) 4. MasTec (MTZ) 5. Ameron (AMN) 6. Kaydon (KDN) 7. Thomas & Betts (TNB) 8. Broadwind Energy (BWEN.ob) 9. Vestas (VWSYF.pk) 10. Clipper Wind Power (CRPWF.pk) Track the Wind Index (except for Broadwind and Clipper, which don’t trade enough to track) at: http://www.trackthepros.com/categories.php?category_id=951 ...