Najarian’s Earth Day Trade: Smart Grids

This Thursday marks the 40th anniversary of Earth Day, which made environmental protection a national issue.

As you may know NBC Universal is committed to the green movement. Our company always strives to bring an environmental perspective to everything we do.

And in that spirit, Fast Money has an Earth Day play for you! Pete Najarian says the migration from standard grids to smart grids is a trend worth trading.

What’s that? You don’t know what a smart grid is?!

We didn't either. And we're not alone. According to a Harris Poll about two-thirds of the nation is just like us - which isn't very good because smart grids could really change the energy landscape.

In a nutshell it’s a sophisticated computer system that’s laid on top of an electricity grid to make it work more effectively and efficiently.

The computer can do a wide range of things from spot potential overloads, to capture electricity that might otherwise escape to monitor what times of day you use the most power – and offer you discounts if you use more power during off-peak periods.

And smart grids aren't just pie in the sky. Already governments are dedicating billions to smart grid projects with President Obama among their biggest supporters.

What’s the trade?

Itron and Echelon are the direct plays. Or you can get exposure with GE, says Najarian.

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Trader disclosure: On April 20, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Scaramucci Owns (AAPL), Skybridge Owns (AAPL); Scaramucci Owns (BAC), Skybridge Owns (BAC); Scaramucci Owns (C), Skybridge Owns (C); Scaramucci Owns (GE), Skybridge Owns (GE); Scaramucci Owns (GS), Skybridge Owns (GS); Scaramucci Owns (IBM), Skybridge Owns (IBM); Scaramucci Is Long U.S. Dollar, Skybridge Is Long U.S. Dollar; Najarian Owns (BP); Najarian Owns (C) Calls; Najarian Owns (GOOG) Calls; Najarian Owns (JNPR) Calls; Najarian Owns (LVS) Call Spread; Najarian Owns (MCD) Calls; Najarian Owns (YHOO) Call Spread; Terranova Owns (C) May Calls; Terranova Owns (XCO), (SWN), (TER), (HES), (AXP), (MOS), (YHOO); Terranova Is Short (BRE); Terranova Is Short (LCC); Nations Owns (MSFT); Najarian Owns (C) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (MCD) Calls; Najarian Owns (GOOG) Calls; Najarian Owns (ALL) Calls; Najarian Owns (CLF) Call Spread; Najarian Owns (TCK); Najarian Owns (MRVL); Edwards Owns (VXX); Cortes Is Short S&P 500 Futures; Cortes Is Short (LVS); Cortes Is Short (WYNN)

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