First Solar-FSLR to build 10 MW solar PV plants for Sempra Generation
First Solar announced that it will build a 10 megawatt photovoltaic power plant for Sempra Generation near Boulder City, Nevada. First Solar will design, engineer and construct the turnkey PV power plant and will provide monitoring and maintenance services for the plant over its lifetime. Sempra Generation will be the developer for the project, and will own and operate the PV power plant once completed. Construction began in July, and the 10 MW PV power plant is expected to be completed by the end of 2008. The solar modules to be deployed in this ground-mount project will be produced at First Solar’s manufacturing facility in Perrysburg, Ohio.
Jim Cramer’s “Mad Money”
Cramer says, there is an incredible opportunity here for investors to buy General Electric (GE) now, after it has been taken down with financial stocks and hasn’t rallied back, he says. Cramer cited an article is this weekend’s BusinessWeek, which called into focus GE’s exposure to the financial sector. GE, with many other businesses, actually made money this quarter, beating Wall Street’s expectations, he said. Furthermore, Cramer noted that the company has plans to sell of its under-performing consumer and industrial segment. The remaining segments, such as its infrastructure division, should all perform well in the coming year. Other infrastructure companies like Fluor (FLR), Jacobs Engineering (JEC) and ABB (ABB), are all up substantially, while GE is down 28% over the same period. Cramer said he also likes GE’s international exposure, the company’s 4.5% dividend yield, its wind power business and sees its healthcare segments as an additional driver of growth. And perhaps GE’s strongest case, said Cramer, is its recent plans to partner with Abu Dhabi’s Mubadala sovereign wealth fund. Cramer said Panera Bread (PNRA), which fell more than $2 on Wednesday after reporting better than expected earnings, has the ability to be the “next big thing.” Panera is increasing service, cutting labor costs, has expanded margins and is offering a healthy menu. He talked with Panera’s co-founder, chairman and CEO, Ron Shaich. Shaich said he doesn’t extrapolate anything from weakness in the last three weeks of the quarter. Shaich said the company sees a lot of growth to come as it carries out its strategy of becoming an alternative to traditional restaurants. MAD MAIL: Cramer told a viewer that while he now believes the merger between Sirius Satellite (SIRI) and XM Satellite (XMSR) will get done, with the additional financing needed, he’s not a fan of the common stock. He recommended Sirius as a speculative stock only. Cramer is a buyer of XTO Energy (XTO) given its recent retreat. LIGHTNING ROUND: (Bullish) SMS; RIMM; GOOG; AMZN; ENS; CI; SBAC. (Bearish) TIVO; EBAY; CRME; FCEL; F; MSFT; NHWK.
Fast money position recap
Macke Owns (WMT), (COST), (MSFT), (EMC); Najarian Owns (AAPL), (COST), (TSO); Najarian Owns (YHOO) Calls, (CSCO) Calls, (SKF) Calls; Finerman Owns (GS); Finerman’s Firm Owns (MSFT), (PPH), (SUN), (TSO), (VLO); Finerman’s Firm And Finerman Own (C) And (C) Leaps; Finerman’s Firm Is Short (IYR), (IJR), (MDY), (SPY); Terranova Owns (BNI), (CME), (RIMM), (VLO), (SA), (FCX), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO); Terranova Is Long September Crude Oil $154 Call; Terranova Is Short September Crude Oil $130 Put; Terranova Is Short September Crude Oil $130 Call
Watching the earnings movers this morning BG, QCOM, TUP, AMZN, ESI, BIDU. Again going to let the market range in the morning and keeping my eye on oil prices. FSLR power plant contract should give it a good boost.
Market slightly overbought in the short term but is showing good strength by moving higher and consolidating at higher levels rather than giving it all up quickly, this rally is led by the financials and i will be focusing on that area closely. Pick plays with a high probability of success, have focus and patience, plan the trade and trade the plan, run technicals through support and resistance! Great Luck and HappyTrading!
Down below is our 2 CNBC portfolios and how they finished the contest. We were as high as #143 during the contest and constantly had both portfolios in the top 1000. We went all in on the airliners last week with $2 million and we undoubtedly would be #1 and the grand champion if the contest ran for only one week more because we would have made an extra million on the airliners putting our portfolio over $3 million not bad for 10 weeks!!! 
Missed it by a hair! Literally by 2 days! OOOHHH! As Vince Lombardi once said, “We didn’t lose, we just ran out of time.” We will probably end up in the top 100 and that is still something to be proud of out of several hundred thousand portfolios! Til next time CNBC!
