DuPont is probably best known as a maker of chemicals but the company also runs a lesser-known solar business. In fact DuPont announced plans this month to build additional solar energy facilities in China.
DuPont expects growth in the photovoltaic market to exceed 30 percent each year over the next several years, explains Pete Najarian. And they’ve made significant investments in product development and capacity expansions to help keep pace. I think this stock is a buy, he adds.
Also, DuPont was founded as a maker of gunpowder. They have a history of adapting to the needs of the market. If solar power explodes they could really win. I also think it’s a buy, adds Guy Adami.
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Trader disclosure: On May 20, 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 (NUE), (BTU),(MSFT),(INTC),(C ), (GS), (AGU); Najarian Owns (AAPL), (NOK), (DRYS), (HPQ), (XLF) Puts; Macke Owns (INTC), (HAS), (DIS), (WMT), (MSFT); Terranova Owns (SUN), (FXC), (GS), Crude; Terranova Is Short (HES), (WYNN)