From Yahoo Finance: 2025-05-13 19:37:00

First Solar, Inc. (FSLR) saw a 22.66% jump on Tuesday, closing at $191.60 as a new proposal at Congress aims to preserve tax credits for solar and wind resources until 2028. The move aligns with bullish investor expectations and boosts solar companies amid previous uncertainties.

The Consumer Price Index rose by 0.2% in April, bringing the annual inflation rate to 2.3%, its lowest since February 2021. Only the S&P 500 and Nasdaq saw gains, with the Dow Jones dropping by 0.64%. Ten companies, including FSLR, surged on Tuesday with strong gains amidst positive developments.

FSLR ranks 3rd on a list of firms crushing the market. While FSLR shows promise, AI stocks are believed to deliver higher returns within a shorter timeframe. Wolfe Research gave FSLR an “outperform” rating with a $221 price target, reflecting a 15% upside from its latest closing price.

Read more: Why First Solar, Inc. (FSLR) Skyrocketed On Tuesday