Cramer's 'Mad Money' Recap: Stocks With Great Earnings Visibility

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A company with great visibility can give market players a good picture right now of what it's going to earn years from now, Jim Cramer told viewers of his "Mad Money" TV show Monday.

Visibility is a good thing to have, especially in this time period, when the market is flooded with uncertainty, because stocks with this quality are more likely to recover first, he said. People want to invest in stocks they have conviction in during this "horrible, ugly" environment, Cramer added.

Cramer identified three stocks with five years of great visibility.

The first one is First Solar (FSLR Quote), a stock "that's already making viewers a fortune," he said.

The stock, which has jumped 387% since Cramer recommended it on March 11, declined today, giving people an opportunity to get in.

He said he likes First Solar because it uses a different technology and doesn't rely on silicon wafers. Silicon is expensive and in short supply, whereas First Solar has a much cheaper way to generate solar power than other companies, Cramer explained.

Cramer said the reason he said he's talking about First Solar today is its incredible visibility. The company, Cramer said, has locked in profits with contracts worth "huge amounts of money."