Wednesday, December 17, 2008

Solar power cheaper than coal by 2012

Solar power a huge green investment by 2012?A play for green fast money?

The crew of Fast Money gave a shout out to solar power today, speaking to the point that Cypress Semiconductor, for instance, believes it's on a path to cost-effective solar power. By 2012, according to Pete Najarian, Cypress believes that solar power will be cheaper than coal.

In addition to Cypress, Fast Money also called out First Solar, which had a big run up in its stock price today.

Nonetheless, the gang didn't suggest buying any of these stocks at this point, but they do seem to believe in the potential of solar power. Maybe a good time to start buying on dips, or to pick up some shares of a solar fund so you don't have to pick winners?

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