Here's Why First Solar Stock Is Leaping Higher Wednesday


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First Solar, Inc. (NASDAQ:FSLR) shares are trading higher by 3.43% to $118.35 during Wednesday's trading session. Shares of solar companies at large are trading higher in possible reaction to the recent signing of the Inflation Reduction Act, which includes funding to address climate change and promote clean energy.

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The White House Office of Management and Budget (OMB) on Tuesday released its first published analysis of avoided climate-related social costs resulting from a piece of legislation.

The legislation analyzed was President Joe Biden’s $740 billion Inflation Reduction Act. The study found climate change will affect the U.S government ledger through the end of the century (2100) with long-range budget estimates showing that Federal revenues could be 7.1% lower annually, which translated to a nearly $2 trillion dollar loss... Read More

See Also: So Is Dogecoin Heading Back to 5 Cents Or Making A Run To 10 Cents? Study Says...

According to data from Benzinga Pro, First Solar has a 52-week high of $123.12 and a 52-week low of $59.60.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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