Citi says shares of First Solar (FSLR) are moving lower following reports that the solar 45X tax credits could sunset in 2028, sooner than 2032 per the initial House bill draft. More than half of First Solar’s 45X credit is in 2028 and beyond, the analyst tells investors in a research note. First Solar shares are down 9%, or $15.66, to $162.80 in afternoon trading.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSLR:
- Solar stocks slip as conservatives fight to end IRA tax credits sooner
- Charged: Tesla to restart shipping Chinese parts for U.S. production
- Caterpillar, First Solar, Enphase, Ehang, Rivian: Trending by Analysts
- First Solar Stockholders Meeting Highlights Key Decisions
- First Solar price target raised to $220 from $175 at Argus
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue