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Why First Solar Stock Beat the Market by a Wide Margin in September

Why First Solar Stock Beat the Market by a Wide Margin in September

Shares of First Solar (NASDAQ: FSLR) beat the market by a wide margin in September, with shares gaining 3.7%, according to data provided by S&P Global Market Intelligence. The solar-panel maker got a boost from growing analyst enthusiasm regarding the potential benefits from the Inflation Reduction Act (IRA) of 2022, which could help line the company's coffers. In mid-August, President Joe Biden signed the IRA into law, and optimism has been building among analysts regarding the potential for climate measures in the sweeping legislation to boost First Solar.