Suntech Power (STP), a company I discuss with Jim in the video above, is rumored today as a takeover target for Warren Buffett, a story which has hoisted its shares nearly 20% today. This rumor makes for an interesting side note but does not change at all the thesis that Jim and I discuss here.NEW YORK ( TheStreet) -- I was talking with Jim Cramer Wednesday about the massive move in First Solar ( FSLR) on Tuesday and whether solar in the U.S. has again become investable, or even tradable. The stock closed down 7.7% to $36.32 Wednesday. I think it has. Solar panel prices have plummeted more than 70% in the last three years, almost entirely due to the Chinese subsidy program that has allowed producers like Suntech (mentioned above), Trina Solar ( TSL) and JA Solar ( JASO) to flood the global market with cheap panels. These low prices have destroyed the U.S. flagship solar company First Solar, dropping its share price from a (quite silly) high of over $300 a share in 2008 and over $150 a share as recently as April of 2011 to a low of almost $11 a share. But there are indications that the Chinese are abandoning their unsustainable subsidy policy. Suntech, the flagship Chinese solar panel manufacturer, recently missed a $540 million convertible bond payment and was forced into bankruptcy court. So far, the Chinese have not established a bail-out program for Suntech's almost $2 billion in total debt. Here in the United States, there is a new market outside of consumer installations that is developing to the benefit of First Solar -- with the utilities. In its upgraded guidance report, First Solar mentioned one of their premier installations, with utility NextEra Energy ( NEE) in California. I talk more about what I think is the trajectory of the solar trade going forward with Jim in the video above. Follow @dan_dicker This article was written by an independent contributor, separate from TheStreet's regular news coverage.