Thursday, August 13, 2009

Cramer still likes First Solar

Solar power seems an obvious green investment under the Obama Administration, but it still isn't profitable for most solar companies without government incentives.Still likes, but didn't recommend

During the 'Am I diversified' segment of Mad Money, Jim Cramer stated that First Solar was still his favorite, non-Chinese solar company because they are the only major solar company thats business isn't dependent upon government subsidies.

Now, he didn't recommned buying First Solar stock, he just called it his favorite, non-Chinese solar company.

In the recent past, Cramer, essentially, called solar stucks a bust despite the Obama Administration and cap and trade. Until energy prices increase, solar power just isn't profitable Cramer has claimed.

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