As goes oil, so goes the rest of the energy sector. As oil closes above $80 for the first time, what’s the best alternative in the alternative energy space?
Pete Najarian has long been a believer in solar energy. He likes Trina (TSL) and Suntech (STP), but his favorite play is SunPower (SPWR), a spin-off of Cypress Semiconductor (CY). SunPower makes high-performance cells for solar panels that are very efficient, Pete said. You could buy CY as a safe bet or take the gamble and go for SPWR.
Guy Adami remains bullish on Fluor (FLR) as a nuclear play, in addition to a play on infrastructure.
Jeff Macke likes the Boardwalk Real Estate Trust, a REIT traded in Canada that is a play on the “booming” oil sands in Calgary.
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Trader disclosure: On Sept. 13, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian is Long Build-A-Bear, is short Goldman Sachs (GS); Finerman is short Leap Wireless.