The One Solar Stock To Buy

Both the Market Vectors Solar Energy ETF (NYSE:

) and the Claymore/MAC Global Solar Energy (NYSE:

) have seen their share prices bump around recently as cheap traditional fuel sources and the threat of European austerity have taken the sun out of alternative energy investing. However, the recent slides in asset prices have created some interesting opportunities in the sector. Some are just more appealing than others. While there are many companies that make solar panels or wafers, there are only a handful that have the technology to make the production equipment. GT Solar International (NASDAQ:

) designs and makes the equipment needed to produce solar photovoltaics, wafers, cells and modules. The kicker for the stock is the $1.34 per share in cash on its balance sheet (equal to a quarter of its share price) and zero debt. As one of the few equipment manufacturers, the company is well positioned to take advantage of the future growth in solar power. Investors wanting to make a single bet on the sector, should give GT preference.