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.

The pundit included a disclaimer, admitting that there are risks attached, for example, too much inventory, declining oil prices and further earnings disappointments. But if the plan turns out to be as big as proposed, Cramer said, "both Yingli and Suntech should see sunny results."

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