FSLR - First Solar: The Inflation Reduction Act Is Critical For The Company
2024-01-23 01:38:41 ET
Summary
- First Solar has benefited substantially from the Inflation Reduction Act (IRA) which passed in August of 2022.
- For 2023 guidance, the Inflation Reduction Act's section 45X tax credit is expected to account for the majority of the company's operating income.
- Speculation on the results of the upcoming election could have an effect on First Solar's stock price as the results of the election could potentially affect the Inflation Reduction Act.
- First Solar is a 'Hold' due to the election speculation uncertainty.
First Solar, Inc. ( FSLR ) is the only company in the top 10 solar manufacturers that is headquartered in the United States and that doesn't manufacture in China.
As such, the company is protected in some ways as the United States has imposed tariffs on Chinese solar imports....
First Solar: The Inflation Reduction Act Is Critical For The Company