If you’re a buy and hold -- and then hold some more -- Jon Najarian has an idea for you.
He suggests a long-term position in Energy Conversion Devices.
As you may know the firm is a leader in alternative energy with its business largely focused on solar power.
Najarian finds the company compelling because they’re aggressively working to dominate the field, by building 2 new plants for solar cell production.
He also likes that the company has multiple patents in the works on materials, designs and more.
And from a more technical perspective, Najarian is impressed that they offer two kinds of cells - both metal hydride & hydrogen fuel cells.
“10 years from now energy isn’t going to be cheaper,” says Najarian. “We’re going to be looking at higher prices and that signals increased demand for alternatives, he explains.”
As a result this company should win.
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Trader disclosure: On January 6th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (AA), (BAC), (EEM), (F), (INTC), (TRINA); Seymour Is Short (PBR), (POT); Najarian Owns (BG) Call Spread; Najarian Owns (CLF) Calls; Najarian Owns (CLF); Najarian Owns (FCX); Najarian Owns (MS); Najarian Owns (SOLF) Call Spread; Najarian Owns (TCK) ; Najarian Owns (TJX); Terranova Owns British Pound Futures; Terranova Owns Copper Futures; Terranova Owns (BAC); Terranova Is Short (CMA); Terranova Works For (VRTS); Finerman Owns (AAPL), (RIG); Finerman's Firm Owns (BAC) Preffered; Finerman Owns (BAC) Preferred; Finerman's Firm Owns (MSFT), (PBR), (PDE), (RIG), (WMT), (PLCE) (TJX)
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