Cramer Likes Suntech (STP) & Yingli Green Energy (YGE) On A Pull Back

With all the news of China’s government ramping up support for renewable energy, Jim Cramer now likes the China solar plays, particularly Suntech (STP) and Yingli Green Energy (YGE).  When I first saw the call, I couldn’t help but think “here we go again, Cramer’s late to the party and recommending solars after a massive run”.  However, he did express concern over pricing, inventory and oil prices which he said could weigh on the sector and that the time to get in on these is on the pull back.  I couldn’t agree more. With the market on another rampage and the solars enjoying the ride higher too, both are over extended.  There were some great trades there a few weeks ago once the H&S shoulders pattern broke in the major indices, but better entries are ahead for those that are patient. 

>>> Click Here For Your Free Yingli Green Energy Analysis

Leave a Reply

Your email address will not be published. Required fields are marked *