Cramer Gives a "Don't Buy" on First Solar (FSLR)
More News related to FSLR
- David Moenning’s Daily State of the Markets: 7/2
- Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded
- JPMorgan Downgrades First Solar (FSLR) to Neutral
- Canaccord Adams Downgrades First Solar (FSLR) to Hold
- Deutsche Bank Lowers Price Target On First Solar (FSLR)
On last night's Mad Money, Jim Cramer denied a Lightning Round caller a recommendation on First Solar (Nasdaq: FSLR), saying he is concerned with solar costs as oil has fallen from all-time highs. Cramer admitted that it is "just getting too hard" to recommend solar stocks, and quickly went on to the next caller.
Shares of First Solar are currently down about 5% to $127.20. Since setting a new 52-week low at $85.28 on November 20, First Solar's stock price has surged nearly 50%.
First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology.
Related Categories
Analyst CommentsInsiders' Blog
Stocks Mentioned
-1.09Related Entities
Comments
Spelling
Solar is spelled... solAr*
First Solor
When price is reduced, more people will buy. More than 50% of homeowner will install solor panel at their home in next three years.
Solor Costs
Solor costs will reduce dramatically in next two years due to world wide demand. The oil price doesn't matter to slow down the solar energy's development since they have different applications.
First Solar
First Solar's entire production is sold out for the next two years. Who believes oil will not go up in the next two years?
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!
First Solar
Edd of Illinois on Dec 5, 2008 12:48 PMI work for the company that supplies First Solar it's main panel for collection. We presently ship 180 racks of glass to them a week, and have a standing order of 200 if we can produce them, that's 500,000 + panels each week. Thanks to them, I continue to work 7 days a week. Looks like my job is secure in this recession, thank you First Solar.