As oil creeps toward $80, solar stocks – once left for dead on Wall Street - are coming back into light. First Solar (FSLR) alone is up 300% in the last six months. But it isn’t the only one burning up the charts.

This sector has been hot for at least the last six months and hedge funds are all over it, Tim Seymour says.

The solar trade is much more real than the ethanol trade is or ever was, Pete Najarian says. Many of the companies are based in China and are seeing explosive growth not just on higher oil, but on new contracts. With no sign of oil coming down, Pete is bullish on names like LDK Solar (LDK), Sunpower (SPWR), Trina Solar (TSL) and JA Solar Holdings (JASO). 

Oil will turn around eventually, Eric Bolling says, and when it does these solar companies are all going to take huge hits. If you’re over ethanol and skeptical on solar, he recommends a company called Clean Energy Fuels (CLNE) which is essentially a natural gas company that retools engines on bus and taxi fleets to make them nat gas-ready.

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Trader disclosure: On July 19th 2007, 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 (INTC); Bolling Owns (NMX), Copper, Gold, Silver, Platinum; Bolling Is Short (FXI) And Owns (FXI) Puts; Seymour Owns (ABV), (AAPL), (GLD), (INTC), (MSFT), (SBUX), (TIE), Macke Writes For Financial Education Website Minyanville.com, CNBC Is A Service Of NBC Universal And Dow Jones