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Over half of First Solar 45X credits in 2028 and beyond, says Citi

Citi says shares of First Solar (FSLR) are moving lower following reports that the solar 45X tax credits could sunset in 2028, sooner than 2032 per the initial House bill draft. More than half of First Solar’s 45X credit is in 2028 and beyond, the analyst tells investors in a research note. First Solar shares are down 9%, or $15.66, to $162.80 in afternoon trading.

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