My last element to cover is fire, specifically solar energy. Bottom line: the easy money has been made. I got you in front of sun stocks such as First Solar(FSLR) and Sunpower(SPWR) which experienced red hot growth in 2007
But my analysis now shows that while solar may be the safest for our world it's far from the best for your wallet. The current cost of all electricity is 10.5 cents per kilowatt-hour. Solar energy costs at least double that price and that's why the industry still only represents one -tenth of one percent of the $3 trillion global energy market, according to Bloomberg.
Developments in technology would have to drop the price of solar by about half before it becomes competitive with fossil fuels. But not all hope is lost, companies like the private Nanosolar -- which has backing from the Google founders -- are developing new ultra-thin solar cells derived from copper that are breaking records for converting sunlight into energy.
So while the easy money has been made new opportunities may one day again make this a Commander Planet play.
Seriously Pete, how do you recommend trading it?
I like Canadian Solar (CSIQ) because they take old silicon, clean it up and then reuse it, explains Pete Najarian. Also check out Applied Materials (AMAT) because they’ve made acquisitions to become the main provider of solar in the world. And I like Energy Conversion Devices (ENER) for its management team.
Or you can check out Evergreen Solar (ESLR), Guy Adami adds.