First Solar's stock is "untouchable," Cramer said on May 24. He's recommended investors stay away from shares of this energy company since it was trading at around $138 a share in September 2010. Today, the stock hovers around $13.
"The entire solar power space is in horrible shape since it depends on government subsidies, and governments around the world are tightening their belts, especially on Europe which had been a big booster of solar," Cramer said.
In May, however, the U.S. Department of Commerce imposed anti-dumping tariffs of 31 percent on Chinese-made solar cells. In turn, Cantor Fitzgerald said the development could be positive for First Solar. Cramer doesn't think it's reason enough to own the stock, though. It remains a stock to avoid, he recommends.
Click here for more from Cramer on this stock.