Solar stocks traded significantly higher over the past month following the passage of the Inflation Reduction Act, which included several investments in clean energy.
First Solar, Inc. (NASDAQ: FSLR) shares are trading higher by 5.28% to $134.34 Wednesday afternoon. Shares of several solar companies at large are trading higher in possible reaction to the recent signing of the Inflation Reduction Act.
Inflation jumped to a new all-time high of 8.9% in July, sparking a cost-of-living crisis in Europe for the 19 countries bound by the euro, fueled by rising energy costs.
On CNBC’s “Halftime Report Final Trades,” Jenny Harrington of Gilman Hill Asset Management said that Mativ Holdings Inc (NYSE: MATV) is a “great company
First Solar (NASDAQ:FSLR) has outperformed the market over the past 5 years by 11.52% on an annualized basis producing an average annual return of 21.64%. Currently, First Solar has a market capitalization of $13.59 billion.
First Solar's (NASDAQ:FSLR) short percent of float has risen 36.12% since its last report. The company recently reported that it has 4.67 million shares sold short, which is 5.05% of all regular shares that are available for trading.