Fast Money's Alternative Energy Trade
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Created by barrons2
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Date updated:06-18-2008

We spotted some big headlines on Monday as the world frantically searches for alternatives to fossil fuels. What is the trade?

symbol name last price % change open
  • +
  • ENER
    Energy Conv Devic
  • $78.34
  • +2.08%
  • $76.69

My favorite name in the space is Energy Conversion Devices (ENER), explains Pete Najarian. However you need to wait for a dip.

People owning ENER also tend to own: ABXESLRHTELUKMICCPSQWFR

TheStreet.com Rating: C What is this?

  • +
  • SPWR
    Sunpower Corporat
  • $93.44
  • +1.91%
  • $91.69

Najarian said SunPower (SPWR) is a good play.

People owning SPWR also tend to own: BTUFWLTGRMNJOETWIAAPLCY

TheStreet.com Rating: C What is this?

  • +
  • WFR
    Memc Electronic M
  • $49.84
  • +2.83%
  • $48.71

Check out MEMC Electronics (WFR) counsels Guy Adami, with a stop at $63. I think it could have a 70-handle on it.

People owning WFR also tend to own: ABKBBDCFCDEFCXFREFWLT

TheStreet.com Rating: B- What is this?

  • +
  • TM
    Toyota Mtr Cp Ads
  • $88.00
  • -1.55%
  • $87.56

Najarian noted that Honda is coming out with a hydrogen fuel cell vehicle before Toyota (TM). He said Toyota will probably steal Honda's thunder, just as it did with the hybrid Prius. Macke expressed skepticism about Honda's new vehicle.

People owning TM also tend to own: AXAFDXNOKNUERTPSLBAAPL

TheStreet.com Rating: B- What is this?

  • +
  • HMC
    Honda Motor Co Ad
  • $32.51
  • -1.48%
  • $32.51

Najarian noted that Honda is coming out with a hydrogen fuel cell vehicle before Toyota (TM). He said Toyota will probably steal Honda's thunder, just as it did with the hybrid Prius. Macke expressed skepticism about Honda's new vehicle.

People owning HMC also tend to own: AIZAVTCHICCOPCRHCXDIIB.PK

TheStreet.com Rating: B What is this?

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