đ First Solar Soars After Stunning Full-Year Sales Forecast Boost
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Wall Street's favorite solar play just got brighterâand the shorts are scrambling.
First Solar's stock rocketed after the clean-energy giant hiked its annual sales outlook, leaving analysts scrambling to upgrade price targets. The move signals a potential inflection point for the battered solar sectorâor just another temporary sugar rush for ESG funds chasing performance.
Key drivers? Ramping U.S. manufacturing and that sweet, sweet Inflation Reduction Act money. Because nothing supercharges renewables like old-fashioned government subsidies dressed in green packaging.
One hedge fund manager muttered: 'Guess we're all climate activists at the right share price.' The stock's surge proves solar's golden ruleâpanels work best when angled toward taxpayer wallets.