First Solar gains from CdTe technology and potential 'Green Deal' benefits

What happened: First Solar (FSLR) gained from its cadmium telluride (CdTe) technology, driving revenue growth. Ariel Investments praised FSLR's domestic expansion and rising pricing power. NextEra Energy (NEE) planned a $2 billion equity offering to fund energy projects. GLJ Research downgraded FSLR from 'Buy' to 'Hold' due to rising logistics costs. Polen Capital highlighted FSLR's CdTe technology and potential benefits from the 'Green Deal'.

Market impact: The solar energy sector saw mixed sentiment. FSLR's gains were driven by its technological advantage and potential government support, while NEE's equity offering indicated increased investment in renewable energy projects. The downgrade of FSLR reflected rising costs, impacting investor sentiment.

What to watch next: FSLR's Q1 2026 earnings on May 5 will provide insights into its pricing power and cost management. The U.S. Department of Energy's Solar Energy Technologies Office (SETO) funding decisions, expected in Q2, could boost FSLR and the broader solar sector. The technical level of $80 per share, where FSLR stock has been trading, will be a key resistance level to watch.