Cramer: First Solar (FSLR) is a Play on Obama
As T. Boone Pickens was on CNBC this morning promoting his much-anticipated wind power plan, Jim Cramer stuck to the theme and highlighted several alternative energy picks on this afternoon's segment of Stop Trading!.
One play was First Solar (Nasdaq: FSLR), which Cramer has stuck by despite a more than 15% sell-off since mid-May. Cramer attributed weakness in First Solar over the last few months to insider selling, but believes that the stock will come back, especially if Obama is elected into office.
Shares of First Solar were in the red much of today, but have moved into positive territory heading into the last hour of today's trading session. The stock most recently traded around $258, up about $1 from yesterday's closing price.
Cramer continued by pointing out that Obama is solar, while McCain is nuclear. Cramer thinks that if McCain is chosen as our next President, investors should get into Shaw Group (NYSE: SGR).
First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology.
Create E-mail AlertRelated Categories
Analyst CommentsInsiders' Blog
Stocks Mentioned
-5.12
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
