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Major U.S. equities indexes lost ground Thursday amid uncertainty ahead of Friday's highly anticipated remarks from Federal Reserve Chair Jerome Powell.
The solar sector is taking a beating today, after President Donald Trump announced on Truth Social that the U.S. will not approve wind or solar projects, blaming the renewables for high electricity and energy costs.
States that rely on wind or solar power are seeing increased energy prices, the president posted on social media, calling it “the scam of the century.”
First Solar (FSLR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Solar shares rebounded this week after the U.S. Treasury and IRS issued new tax credit guidance that alters the way clean-energy projects qualify for subsidies. The rally was led by First Solar FSLR, which surged after the agencies eliminated the long-standing “5% safe harbor” rule on large-scale projects.
Solar stocks are surging after the Treasury Department released guidance on the kind of projects that can qualify for clean energy tax credits that was less restrictive than investors feared.
Investor risk sentiment paused at the start of the week, as markets awaited details expected to emerge later when President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy and European leaders.
Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week.
After reaching an important support level, First Solar (FSLR) could be a good stock pick from a technical perspective. FSLR surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The solar industry has struggled mightily for years to achieve meaningful growth and post net profits. During the Biden administration, the green energy sector as a whole received something of a break in the 2022 Inflation Reduction Act, with a slew of tax incentives for building out alternative-energy solutions.