The U.S. House budget proposal becomes a "reassurance pill", Wolfe Research raises First Solar (FSLR.US) rating.

Wisdom Finance APP learned that on Tuesday, First Solar Inc. (FSLR.US) saw a significant increase in stock price, with a 22.66% increase, ranking first in the S&P 500 Index component stocks. Wolfe Research raised its stock rating from "neutral" to "outperforming the market" with a target price set at $221. Wolfe pointed out that this rating upgrade was due to significantly improved uncertainty about the 45X tax credit policy, marking the first time since the political factors of the election year in early 2024.