Seymour's Rising Star Stock - Monday May 11th
Which overseas tech firm could be a 'sunny' addition to any portfolio?
Tim Seymour says it's Trina Solar !
Currently China is dependent on what's widely considered the diretiest fuel on the planet; coal. With global warming an ever growing concern, Beijing has decided to make massive investments in alternative energy, especially solar power.
And Trina Solar is a leading in the development of solar technology. According to thefirm's website, Trina Solar produces and commercializes a wide variety of photovoltaics (PV) modules, both monocrystalline and multicrystalline, with power outputs ranging from 165W to 230W.
Here are some more particulars:
Trina Solar (TSL)
-Based in China
-Market Cap: $472 million
-52 Week Low $5.61
-52 Week High $53.50
-YTD the stock is down about 60%
What makes Trina Solar a rising star?
These guys are doubling their production, explains Seymour and they have a solid customer base across Europe. Also stimulus money from the US and China is flowing into this space.
And it’s the first time in a long time that it’s been somewhat cheap.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your message to firstname.lastname@example.org.
Trader disclosure: On May 11th, 2009, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Macke Owns (GE), (AGU), (AMZN), (APPL), (SDS), (IMAX), (WFC), (TGT); Seymour Owns (AAPL), (BAC), (C), (DRYJ), (EEM), (FCX), (PBR), (TSL); Seymour's Firm Owns (RIG); Najarian Owns (AMD) Call Spread; Najarian Owns (BX) Call Spread; Najarian Owns (CROX) Calls; Najarian Owns (FIG); Najarian Owns (INTC) Call Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (PALM) & (PALM) Calls; Najarian OWns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls