Cramer is saying that his SELL BLOCK is a sell for all solar-related stocks: SunPower (SPWR) and as of today a huge lock-up is expiring in First Solar (FSLR) and insiders can sell 40 million shares. Evergreen Solar (ESLR) is selling 15 million shares and Trina Solar (TSL) sold shares. There are too many IPO’s coming out like China Solar, GT Solar, Ying Lee, and others. Cramer just thinks that the flood of solar companies is going to lead to a huge oversupply that will overwhelm the entire sector.
Jon C. Ogg
May 17, 2007
Jon Ogg can be reached at firstname.lastname@example.org; he does not own securities in the companies he covers.