First Solar (FSLR) 9.7% Brighter on Updated Solar Tax Credits

We recently published 10 Stocks Shine Brighter Than Wall Street. First Solar, Inc. (NASDAQ:FSLR) is one of Monday’s top performers.

First Solar, Inc. (NASDAQ:FSLR) soared by 9.69 percent on Monday to close at $219.33 apiece as investor sentiment was bolstered by new rules on solar tax credits that went less restrictive than expected.

First Solar, Inc. (NASDAQ:FSLR) rallied alongside its counterparts after the Treasury Department on Friday announced updated rules on solar and wind tax credits that now require companies to have kicked off physical construction before July 5, 2026, to qualify for tax incentives.

This overturned previous guidelines where developers had to spend 5 percent of the total project cost to qualify for credits.

“This test focuses on the nature of the work performed, not the amount or the cost,” said the guidance. “Provided that physical work performed is of a significant nature, there is no fixed minimum amount of work or monetary or percentage threshold required to satisfy the Physical Work Test.”

The tax credits, which form part of the One Big Beautiful Bill Act, will phase out clean energy tax credits for projects placed in service after 2027, but provide an exception for projects that commenced by July 5, 2026, a year after the bill was signed into law.

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First Solar, Inc. (NASDAQ:FSLR), one of the major players in the sector, rallied alongside its counterparts following the news.