First Solar Takes Off! 22% Price Increase after Political Tailwind
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Nasdaq Surge Yesterday, First Solar had a spectacular trading day. With a daily gain of 22.7%, it closed at $191.60, continuing its upward streak – it was the fifth consecutive day of price increases. Trading volume soared to over 20 million shares, significantly surpassing the normal levels. Tax Benefits for Solar to Last Longer The main driver of the sudden optimism was a budget proposal from the U.S. House of Representatives. The proposal suggests that the 30% tax credits for renewable energy will not be abruptly eliminated but will be...
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