First Solar: U.S. Policy Strengthens Industry Leader – Profit Increase of 63%

The solar industry breathes a sigh of relief. On Friday, August 15, the U.S. Department of the Treasury released the long-awaited guidelines for granting tax incentives in the clean energy sector. These guidelines turned out to be less restrictive than previously feared. Particularly for smaller and private solar installations, the existing 5% rule for qualifying for tax credits has been maintained. Additionally, the fact that the changes will not be applied retroactively has given many companies a boost. The market reaction was immediate: stocks...