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LDK Solar [LDK
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] is down 25% this year while Evergreen Solar [ESLR
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] is off nearly 50%. What’s going on?
The solar names were way ahead of themselves, explains Pete Najarian. The returns were huge in ’07. I would look at coal instead he counsels. Check out firms involved in gasification such as Sasol [SSL
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I like MEMC Electronic [WFR
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] for silicon wafers with a stop out at $62.90, adds Guy Adami.
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Trader disclosure: On May 7, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (NUE), (BTU); Pete Najarian owns (AAPL), (C) Calls, (ENER), (MSFT) Calls, (TSO), (XLF), (YHOO) Calls; Macke Owns (INTC), (DIS0, (ATVI), (MSFT); Finerman’s Firm is Short (IYR), (IJR), (SPY), (MDY), (IWM), Owns SPX Index Puts, (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO), (YHOO) and (YHOO) Call Spreads, Finerman Owns (GS), Finerman and Finerman’s Firm Own (C)
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