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Benzinga
Benzinga
Business
Henry Khederian

First Solar (FSLR) Stock Surges On New Treasury Tax Credit Rules

IRS First Solar FSLR First Solar Inc. the Treasury Department
First Solar,Inc.

Shares of First Solar Inc (NASDAQ:FSLR) are trading higher Monday afternoon and have posted gains over the past week, following new guidance from the Treasury Department and IRS concerning tax credits for clean energy projects. Here’s what investors need to know.

What To Know: Per a Bloomberg report, the updated rules, released on Friday, adjust how companies can qualify for credits established under the Biden-era tax-and-climate law.

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