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First Solar (FSLR)

by | Nov 19, 2020 | Daily Trade Alert

Under a Biden Administration, some of the top winners could include solar stocks, like First Solar (FSLR). For one, he has already said the U.S. would rejoin the Paris Climate accord. And two, he said he has plans for a $2 trillion clean energy infrastructure initiative, with hopes for net zero emissions by 2050.

In addition, he has said he wants to “upgrade four million buildings and two million homes over four years to meet new energy efficiency standards,” as noted by The Conversation. All could be beneficial to FSLR, which recently pulled back to a strong line of support just under $82 a share. From here, we’d like to see a near-term test of $95.

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