First Solar Inc Stock Price Sees Significant Fluctuations

First Solar Inc’s stock price has experienced significant fluctuations in recent days. On August 20, the company’s shares declined by 2.54%.

• The decline was followed by a surge in the stock price on August 19, after UBS named First Solar a top pick.
• The positive sentiment was driven by new IRS guidance that preserved key 2030 tax credits for the solar industry.

The stock price jumped 9.7% on August 19, reaching its highest level in 10 months. This rally was attributed to the company’s potential to benefit from the updated tax credits, easing uncertainty in the sector.