http://www.thestreet.com/story/1041...p-first-solars-bright-future.html?puc=btlhome
"When it comes to solar stocks, there's only going to be one winner," Jim Cramer told viewers of his "Mad Money" TV show Thursday. "And that winner is First Solar (FSLR - Cramer's Take - Stockpickr)."
Cramer says it's time to start buying the stock aggressively on any weakness.
First Solar is ahead of other solar power companies because its panels, unlike other solar technologies, don't require expensive silicone in the manufacturing process.
Instead the company relies on its proprietary thin-film technology that is less expensive to manufacture and has efficiency ratings that are rapidly approaching that of its silicone-based competition, he says.
By driving down the cost per watt of their panels, the company could even someday approach that of oil or coal, he says. He also notes that First Solar doesn't need government subsidies to be profitable.
Cramer also likes First Solar because it does not sell into the volatile consumer market, choosing to instead focus almost exclusively on industrial and utility customers.
Plus, every candidate in the presidential race has endorsed solar energy, making it the perfect energy play for the long term, he adds.
Cramer likened First Solar to that of an early Intel (INTC - Cramer's Take - Stockpickr), which used its technology and mass market expertise to dominate the chip industry.
Cramer sees years and years of growth for First Solar, calling it "the single best way to play green energy."
"When it comes to solar stocks, there's only going to be one winner," Jim Cramer told viewers of his "Mad Money" TV show Thursday. "And that winner is First Solar (FSLR - Cramer's Take - Stockpickr)."
Cramer says it's time to start buying the stock aggressively on any weakness.
First Solar is ahead of other solar power companies because its panels, unlike other solar technologies, don't require expensive silicone in the manufacturing process.
Instead the company relies on its proprietary thin-film technology that is less expensive to manufacture and has efficiency ratings that are rapidly approaching that of its silicone-based competition, he says.
By driving down the cost per watt of their panels, the company could even someday approach that of oil or coal, he says. He also notes that First Solar doesn't need government subsidies to be profitable.
Cramer also likes First Solar because it does not sell into the volatile consumer market, choosing to instead focus almost exclusively on industrial and utility customers.
Plus, every candidate in the presidential race has endorsed solar energy, making it the perfect energy play for the long term, he adds.
Cramer likened First Solar to that of an early Intel (INTC - Cramer's Take - Stockpickr), which used its technology and mass market expertise to dominate the chip industry.
Cramer sees years and years of growth for First Solar, calling it "the single best way to play green energy."
