Traders weigh buying into coal stocks as they heat up

The " Fast Money " traders debated whether it's too late to get into Consol Energy (NYSE: CNX), a stock that has surged 152 percent so far this year.

Trader Steve Grasso said he likes Consol because it also has a natural gas angle.

But investors who have held the stock from its lows should probably take some profits off the table ahead of earnings, said trader Guy Adami.

Trader Tim Seymour said he thinks coal prices have bottomed and that buying into the space is a "sustainable" trade. He said that investors should look for companies like Rio Tinto (London Stock Exchange: RIO-GB), which actually has and generates free cash flow.

Disclosures:

PETE NAJARIAN

Long stock: AAPL, BAC, BMY, DIS, DISCA, GE, KMI, KMIA, KO, LUX, PEP, PFE CALLS: AAL, ABT, AMD, ATVI, BABA, BAC, BHI, BSX, CNX, COP, COTY, CRM, CS, CXW, DAL, DISH, ECA,EL, ETP, GS, GT, HAL, INTC, JBLU, JCP, JNPR, KBE, KGC, KMI, KO, LLY, LOW, M, MRO, MRVL, MUR, NAV, NBR, SBUX, SLV, TMUS, TTS, TV, TWTR, VRX, WFT puts: CLF, EEM, MBLY, WFC

STEVE GRASSO

Steve Grasso is long BA, CC, CHK, EVGN, KBH, MJNA, MON, MU, OLN, PFE, PHM, T, TWTR, GDX. His children own EFA, EFG, EWJ, IJR, SPY. No shorts.

His firm is long VIRT, DVN, LDP, WDR, AVP, CVX, FCX, ICE, KDUS, KO, MAT, MCD, MJNA, NE, NEM, OLN, OXY, RIG, STAG, TAXI, TEX, TITXF, URI, VALE, WDR, WYNN, ZNGA, CUBA, HSPO, ICE, AMZN, MJNA, TITXF, NXTD, SPY, QQQ, DIA, XLI, BGCP, VIRT, JCP, GE, AIR, FP

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM and short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.

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