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First Solar, Inc. Message Board

  • new_tech_investor new_tech_investor May 24, 2012 7:05 PM Flag

    Cramer: FSLR is Untouchable

    Cramer on FSLR:


    This stock is “untouchable,” Cramer said. He’s recommended investors stay away from First Solar since it was trading at around $138 a share in September 2010. Today, the stock hovers above the $13 level.

    “The entire solar power space is on horrible shape since it depends on government subsidies and governments around the world are tightening their belts, especially on Europe which had been a big booster of solar,” Cramer said.

    Last week, however, the U.S. Department of Commerce imposed anti-dumping tariffs of 31 percent on Chinese-made solar cells. In turn, Cantor Fitzgerald said the development could be positive for First Solar. Cramer doesn’t think it’s reason enough to own the stock, though. It remains a stock to avoid, he said.

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