Jim Cramer recently discussed First Solar, Inc. (NASDAQ:FSLR) in response to a caller who mentioned purchasing shares on margin at $275 on Monday. Cramer stated, "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."
Ariel Investments commented on First Solar in its third quarter 2025 investor letter. The firm noted that First Solar, a U.S.-based solar panel manufacturer, was the top contributor for the quarter following an earnings beat and an upward revision in full-year guidance.
July bookings indicated the company is regaining pricing power, according to the letter. The Commerce Department's Section 232 investigation into polysilicon could provide policy support that boosts pricing. First Solar is also nearing a strategic move to combine international front-end processing with domestic back-end assembly, which may enhance margins.
As developers gain clarity on safe harbor rules related to the One Big Beautiful Bill Act in the coming weeks, Ariel Investments expects FSLR's contract activity to accelerate. This is anticipated as customers rush to lock in capacity and qualify for subsidies before they expire.