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First Solar Has the Juice

By Jim Cramer

About this article:
Does anyone realize that the $125 umbrella virtually guarantees sold-out solar panels for First Solar? Does anyone realize that its peak power solution -- putting panels on top of large scale buildings -- is looking like something that not only doesn't need subsidies but will save a lot of money? One of the things that has dogged me this last $20 in oil is the problem that First Solar has had getting through $300. Lots of the resistance, even after the great quarter but lowball guidance, is that people feel that First Solar must sell product for less in order to stay competitive. That's not the point; it's the umbrella factor. Right now, a host of California utilities are trying to figure out how to get out from under some really tough Public Utility Commission rules about how much renewable energy can be bought. This price...

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