News Snapshot:
U.S. panel manufacturer First Solar is uniquely positioned to benefit from the recently passed Inflation Reduction Act, Evercore ISI said as it upgraded the stock to an outperform rating. "First Solar is well positioned to benefit from the Inflation Reduction Act, from both the increased demand side and the supply side benefits," the firm said Wednesday evening in a note to clients. The IRA is the largest climate bill in U.S. history and includes incentives aimed at spurring renewable energy buildout in the country and encouraging domestic manufacturing. Evercore's analysts led by Sean Morgan noted that First Solar can take...
