From Nasdaq
May 13, 2025 7:08 pm:

Coinbase Global (COIN) and First Solar (FSLR) stocks surged over 20% following the US trade deal with China. Coinbase was added to the S&P 500, and Bitcoin hit over $100,000. First Solar may receive up to $10 billion in tax credits. COIN and FSLR are now in positive territory for the year with impressive gains of over +300% and +200% in the last three years.

Coinbase expects short-term volatility in the crypto market but anticipates stability in Q2 and Q3. First Solar remains optimistic about long-term demand in the US market. Coinbase’s total sales are projected to increase by 10% in fiscal 2025. First Solar’s total sales are expected to increase by 15% this year.

Analysts at J.P. Morgan noted a new tax credit proposal that aligns with bullish expectations for solar stocks like First Solar. Wolfe Research upgraded First Solar to outperform. Coinbase could see $16 billion in capital inflows. Both COIN and FSLR hold a Zacks Rank #3 (Hold) but could see buy ratings in the future.

For more information and detailed analysis, visit Zacks Investment Research.

Read more at Nasdaq: Buy the Surge in Coinbase (COIN) or First Solar (FSLR) Stock?