First Solar Stock Soars Over 18% After Analysts Dub It an AI Play
First Solar(FSLR) investopedia.com·2024-05-23 04:50
Key TakeawaysFirst Solar was the best-performing stock in the S&P 500 for a second straight day on Wednesday after analysts at UBS raised their price target on the stock, citing its potential to benefit from big tech companies' investments in artificial intelligence (AI).Analysts suggested Microsoft and other hyperscalers may rely on renewable energy companies like First Solar to satisfy AI demand and meet their carbon neutrality goals.First Solar could also benefit from Inflation Reduction Act tax credits. ...