- First Solar Inc. (FSLR) rises 24.36% today, reaching maximums not seen since January 17 in 194.73 $.
- The bill aims to eliminate tax credits to clean energy projects from 2029.
- Wolfe Research adjusts FSLR actions, cataloging them as “superior.”
The values of First Solar Inc. (FSLR) established a minimum daily at $ 175.24, finding aggressive buyers that promoted the price of the action to maximums not seen since January 17 in 192.82 $. At the moment, FSLR is quoted in 191.08 $, up 22.50% daily.
First Solar approaches the maximum of the year in the midst of favorable regulatory provisions
The company specialized in development and construction of solar energy plants, First Solar (FSLR), has a gain of 24.36% on the second day of the week, reaching maximums of January 17 in 194.73 $ after making it known that the draft Budget Reconciliation Law has not turned out to be as unfavorable as expected.
The proposal details a gradual elimination of fiscal credits for solar wind energy and other clean energy sources. These credits will be reduced by 80% for operational facilities for 2029, 60% by 2030, 40% by 2031 and subsequently to zero. This proposal also includes limitations to products with foreign influence giving FSLR competitive advantage.
On the other hand, Wolfe Research has granted a higher rating to FSLR shares, establishing an objective price of $ 221.00
Technical levels of First Solar Inc.
The FSLR values reacted upwards from a short -term support given by the minimum of April 30 at $ 119.09. The following key support is found at $ 116.56, pivot point on April 9. Upwards, the important resistance is observed at $ 212.15, maximum of December 2, 2024.
4 -hour FSLR graphics
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
