Past performance is no guarantee of future results, but it sure doesn't hurt the bullish argument.
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.
First Solar is part of the Zacks Investment Ideas article.