Jim Cramer on First Solar: "We Gotta Wait Another Quarter for That One"

First Solar, Inc. (NASDAQ:FSLR) is one of the stocks on Jim Cramer’s radar. When a caller inquired about the stock during the lightning round, Cramer remarked:

That was a really bad quarter… I know… I shouldn’t be so shortsighted, but I mean, that was one awful quarter. We gotta wait another quarter for that one.

First Solar, Inc. (NASDAQ:FSLR) specializes in manufacturing advanced thin-film solar modules that provide a cleaner, more sustainable alternative to traditional silicon panels. During the January 9 episode, a caller highlighted their success with the stock and noted that they had recently purchased shares on margin at $275. In response, the Mad Money host commented:

Oh, wow. No, we don’t want that. You don’t live in, you know, you can do a loan for a house, you can live in it… But First Solar is not good enough to be, it’s 16 times earnings, but and I like the company very much, but no. You’re going to have to take, you got, you have to cut your losses. I will not, I can’t tolerate…buying on… margin.

Furthermore, we recently discussed Freedom Capital’s downgrade of the company’s stock, which you can read about here.

While we acknowledge the potential of FSLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.  Follow Insider Monkey on Google News.