The Inflation Reduction Act and California’s EV move give green investing a boost.
First Solar Inc. (ticker: FSLR)
With a large manufacturing presence in the U.S., this solar panel builder will be among the biggest winners from the Inflation Reduction Act, Breidert says. Over the longer term, the company will be able to compete more with Chinese producers as it expands manufacturing internationally. First Solar also has an advantage because the solar cells it makes use cadmium-telluride technology, allowing it to skirt the major supply chain bottleneck plaguing manufacturers who use polysilicon. First Solar’s technology also means its manufacturing process has a smaller carbon footprint than those making panels from polysilicon.
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