Cramer's Chinese Solar Stock Plays
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Date updated:07-30-2009

Cramer said he changed his mind on these two companies based on the new Chinese solar initiative that promised 50% subsidies for solar installations in urban areas. The plan, which hopes to subsidize over 500 megawatts of solar power, should be good news for Yingli and Suntech, said Cramer.

symbol name last price % change open
  • +
  • FSLR
    First Solar
  • $119.11
  • 0.00%
  • $N/A

For "Speculation Friday," Cramer did an about face on his ban of all solar stocks other than First Solar (FSLR), and recommended Yingli Green Energy (YGE) and Suntech Power (STP) as two companies investors may want to consider.

People owning FSLR also tend to own: CNXTEWZIFNIFUE.OBMMCAMXCHL

TheStreet.com Rating: B- What is this?

  • +
  • STP
    Suntech Power Hld
  • $14.95
  • +5.43%
  • $14.30

Suntech will likely participate in all of the high-profile solar installations, said Cramer, and the company has many of its supply and distribution problems now behind it.

People owning STP also tend to own: AMATAMTAMXBIDUFMCNKRYRACK

TheStreet.com Rating: D+ What is this?

  • +
  • YGE
    Yingli Grn Engy A
  • $14.21
  • 0.00%
  • $N/A

Yingli is a low-cost solar provider like First Solar that said things were getting brighter for solar power despite reporting another bad quarter.

People owning YGE also tend to own: AAPLBIDUCROXEMCGEHLYSIIG

TheStreet.com Rating: C- What is this?

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