First Solar Shows ‘Dramatic’ Benefits of Inflation Reduction Act. The Stock Is Shining.

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.

First Solar (ticker: FSLR), the manufacturer of solar panels, 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.