Why First Solar Has Surged More Than 40% in One Month

First Solar saw a significant increase of almost 20% following reports that U.S. House GOP lawmakers proposed a budget with reduced credit cuts for renewable energy sources. The tax credits are expected to remain until 2028 before gradually phasing out. U.S.-based manufacturers such as Array Technologies and Nextracker experienced gains, while companies with global supply chains or residential exposure, like Complete Solaria and Canadian Solar, faced setbacks.