Jim Cramer on First Solar: “We Gotta Wait Another Quarter for That One”

That was a truly atrocious quarter… I know… I shouldn’t beryllium truthful shortsighted, but I mean, that was 1 atrocious quarter. We gotta hold different 4th for that one.

Photo by AlphaTradeZone

First Solar, Inc. (NASDAQ:FSLR) specializes successful manufacturing precocious thin-film star modules that supply a cleaner, much sustainable alternate to accepted silicon panels. During the January 9 episode, a caller highlighted their occurrence with the banal and noted that they had precocious purchased shares connected borderline astatine $275. In response, the Mad Money big commented:

Oh, wow. No, we don’t privation that. You don’t unrecorded in, you know, you tin bash a indebtedness for a house, you tin unrecorded successful it… But First Solar is not bully capable to be, it’s 16 times earnings, but and I similar the institution precise much, but no. You’re going to person to take, you got, you person to chopped your losses. I volition not, I can’t tolerate…buying on… margin.

Furthermore, we precocious discussed Freedom Capital’s downgrade of the company’s stock, which you tin work astir here.

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