First Solar is the largest manufacturer of solar panels in the U.S. and is rated overweight at Wells Fargo.
But the domestic manufacturing tax credits that benefit First Solar are likely to survive because they support jobs in GOP congressional districts, according to the bank.
Tailwinds from tariffs, however, would be offset by headwinds from IRA repeal if the GOP goes after the manufacturing tax credits.
In the universe of publicly-traded solar stocks, however, analysts view First Solar as best positioned to weather the storm.
"In our view, higher tariffs on imported solar panels would diminish competition from Chinese manufacturers, pushing demand towards First Solar's U.S.-made products."
Persons:
Donald Trump's, Michael Blum, Trump
Organizations:
Wells, Republicans, headwinds, GOP, Bank of America
Locations:
tandemm, U.S, Wells Fargo, China