First Solar Shows ‘Dramatic’ Benefits of Inflation Reduction Act. The Stock Is Shining.
- Order Reprints
- Print Article
First Solar’s financial forecasts highlight its status as potentially the biggest beneficiary of the Inflation Reduction Act, one analyst said Wednesday, as the stock surged higher in premarket trading.
Late Tuesday, the manufacturer of solar panels (ticker: FSLR) reported a loss of 7 cents a share, compared with the consensus call for 17 cents among analysts tracked by FactSet but management’s forecasts were what grabbed Wall Street’s attention.
Already a member? Sign In