Solar energy names First Solar and SolarEdge Technologies both made the list of this week's biggest gainers. First Solar was this week's top performer, with shares popping 23.2% following strong guidance for 2023. The energy company is poised to benefit from the Inflation Reduction Act's manufacturing tax credits , according to UBS, which upgraded the stock to buy from neutral.
Software company Salesforce was also one of this week's notable gainers, with the stock on Thursday having their best day since 2020 following a blowout earnings report. Shares were up 16.7% for the week as of early Friday, and up almost 40% since the start of the year. Salesforce is well-liked by analysts, with 68% of those covering the stock giving it a buy rating. The average analyst price target also implies upside of roughly 15%.
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