Cramer Gives a "Don't Buy" 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.
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