This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jim Cramer's Stop Trading: FSLR SCTY

NEW YORK ( TheStreet) -- Shares of First Solar (FSLR - Get Report) are higher after a strong analyst meeting that is going "incredibly well" according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

First Solar missed its most recent earnings expectations, but Cramer said that "it's never about the quarter, it's about the guidance." After providing strong guidance for 2014 to 2016, investors are clearly happy.

SolarCity (SCTY - Get Report), on the other hand, is based a little bit more on hope, according to Cramer. He said the company is trying to reinvent the electric grid and how it works with solar power. 

Maybe his opinion will change, he admitted, but Cramer said that for now he would rather be a buyer of First Solar instead of SolarCity. 

He concluded that First Solar has "real momentum" right now, and he is looking for the stock to push through $62 and break out higher from there.


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FSLR $61.94 0.00%
SCTY $55.91 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs