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On Wednesday, LDK Solar [LDK Loading... ()
On Tuesday Applied Materials [AMAT
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] said during the third quarter it grew revenue in its solar business and shares surged higher.
But on the flip side, Canadian Solar [CSIQ
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] (which is based in China) reported stronger than expected earnings on Wednesday but its shares took a tumble
How can you make heads or tails of this sector?
Solar is growing 40% annually, explains Pete Najarian That’s why IBM [IBM
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], Hewlett-Packard [HPQ
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], Intel [INTC
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], and Applied Materials are all getting involved in the space and I think they’re all worth a look.
My trade is Evergreen Solar [ESLR
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], says Guy Adami. At current levels it's a buy. If and when the stock spikes on positive news such as a new contract, then it's a sell.
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Trader disclosure: On Aug 13, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT), (WMT), (COST); Adami Owns (C), (GS), (INTC), (AGU), (BTU), (MSFT), (NUE); Pete Najarian Owns (AAPL), (TSO), (HD); Pete Najarian Owns (BGG) Puts; Pete Najarian Owns (CSCO) Calls; Pete Najarian Owns (NOK) And Is Short (NOK) Calls; Finerman Owns (GS); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (VLO), (RIG), (MO); Finerman's Firm And Finerman Own (C) Leap; Finerman's Firm Owns (ANF) And (ANF) Call Spreads; Finerman's Firm Is Short (XLF), (BBT), (COF), (WB), (IYR), (IJR), (IWM), (SPY), (BAC); Finerman's Firm Is Short British Pounds
UBS Securities LLC Has Received Compensation From (MSFT), (YHOO) Within Past 12 Months; (MSFT), (YHOO) Is Or Within Past 12 Months Has Been A Client Of UBS Securities LLC (Non-Investment Banking Securities-Related Services); (MSFT) Is Or Within Past 12 Months Has Been A Client Of UBS Securities LLC (Non-Securities Services)

