Was Jim Cramer Right About First Solar (FSLR) Stock?

In 2024, on May 14, Jim Cramer confirmed from MAD Money that First Solar, Inc. (NASDAQ: FSLR), a profitable solar company from American manufacture, was the real beneficiary of the Biden administration decision to double the definitions of Chinese solar cells from 25 % to 50 % at the time. This is what he said at that time:

“What about solar cells? […] But there is a real solar company, a solar company made in the United States of America, the first Solar, is the clear winner in this crazy market. The shares have already decreased to the IFFY. At these levels, First Solar sells about nine times the profit estimates next year, with a huge growth rate – this is before we move in the impact of definitions on some of their main competitors. Now I think he is a winner outside the world-part of the world in which solar energy may be the dominant solution by 2030. “

Cramer’s Take was not accurate, as the stock gained only 3.21 % during the past year despite its strong upward position.

First Solar, Inc. (NASDAQ: FSLR) by manufacturing solar panels with American delicate membranes for large -scale facilities and are a pioneer in local clean energy production. Cramer remains optimistic about solar stocks. This is what he said in 28^Y From January.

“It’s a very inexpensive stock. I tell you, I am still reeling the fact that NXT, Nextracker … I have already reported a sudden surprise tonight. And … when I look at it and say it is good for solar energy, I will tell people who belong to charitable confidence, to CNBC Club investment Club in CNBC.

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Detection: Nothing.