First Solar Shares Soar 3.97% on Favorable Import Duties Ruling

First Solar (FSLR) shares surged 3.97% today, marking the second consecutive day of gains, with a total increase of 8.21% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 4.22%.

First Solar's stock has been buoyed by a favorable ruling on import duties, which was announced in a news report three days ago. This ruling has provided a significant boost to the company's shares, as it reduces the financial burden associated with importing solar panels.

Additionally, the U.S. has finalized tariffs on solar panels from Southeast Asia. This move has led to a surge in First Solar's stock, as the company is less impacted by these tariffs compared to competitors who rely heavily on imports from the region. This competitive advantage has further driven investor confidence in First Solar.

Looking ahead, First Solar is scheduled to release its first-quarter 2025 results on April 29. This upcoming earnings release is expected to influence investor behavior and stock price, as it will provide crucial insights into the company's financial performance and future prospects. Investors are eagerly awaiting this report to make informed decisions about their investments in First Solar.