Jim Cramer’s Thoughts on These 7 Stocks

2. First Solar, Inc. (NASDAQ:FSLR)

Number of Hedge Fund Holders: 59

Cramer acknowledged that First Solar, Inc. (NASDAQ:FSLR) is a cheap stock these days as he said:

“It is a very inexpensive stock. I’m telling you, I’m still reeling from the fact that NXT, Nextracker… actually reported an upside surprise tonight. And… when I look into that and it says that it’s good for solar, I will tell people who belong to the Charitable Trust, to CNBC Investing Club, whether it’s time to get a little more aggressive on solar.”

First Solar (NASDAQ:FSLR) is a solar technology company that specializes in manufacturing and selling thin-film photovoltaic solar modules, offering a lower-carbon alternative to traditional solar technologies. In June 2024, Cramer was enthusiastic about the company as he remarked:

“First Solar, this is the All America maker of industrial scale solar modules, up nearly 34%… Plus it didn’t hurt that the government doubled the tariff on cheap Chinese imports. Unlike so many solar plays, First Solar is usually profitable and it’s been a low-cost producer for ages… I love the solar theme and I believe that solar, currently about 5% of the grid right now.. could go to 25% by the end of the decade.”

Since Cramer’s comment in 2024, First Solar (NASDAQ:FSLR) stock has declined over 25%.