Solar Stocks Rally Ending?

Cramer might be getting bullish, but after this latest bullish run, it's expected to see some downturn for solar stocks. Better wait to see if the market does go lower in the following days.

Cramer Touts Yingli (YGE), Suntech (STP) as Plays on China's Hot Solar Sector

On Friday night's Mad Money, Jim Cramer got bullish on several solar stocks, Yingli (NYSE: YGE) and Suntech (NYSE: STP), revising his recent recommendation that First Solar (Nasdaq: FSLR) was the only worthy one from the group. Traders seem to be taking heed to the Cramer call this morning, bidding up shares of both these solar plays. Yingli Green Energy is currently up 3.6% to $15.63, while shares of Suntech are up 0.8% to $20.65.

Cramer attributed his now positive views on the two stocks to China's new solar initiative which subsidizes all solar installations in urban areas by 50%. Cramer believes that Suntech will be involved in "all of the high-profile solar installations" and that Yingli should benefit from its low-cost structure.

Labels: Cramer, First Solar Inc, FSLR, Solar Stocks, STP, Suntech Power, YGE, Yingli Green Energy Hold

posted by Ertai at 1:59 PM