S&P 500 newbie First Solar is only non-energy company among index’s top YTD gainers

Shares of First Solar Inc.

climbed 1.8% in afternoon trading Thursday, and has run up 70.7% in 2022. The solar power systems maker, which has been an S&P 500 member for less than two weeks, is the only non-energy company in the index’s top-10 best year-to-date performers. First Solar’s stock was down 11.9% year to date as late as July 27, but then started its climb to a 13-year closing high of $172.30 on Nov. 30, after Sen. Joe Manchin, D-W.Va.

climbed 1.8% in afternoon trading Thursday, and has run up 70.7% in 2022. The solar power systems maker, which has been an S&P 500 member for less than two weeks, is the only non-energy company in the index’s top-10 best year-to-date performers. First Solar’s stock was down 11.9% year to date as late as July 27, but then started its climb to a 13-year closing high of $172.30 on Nov. 30, after Sen. Joe Manchin, D-W.Va.

It's energy what a coincidence

'non-energy' 🤔

it is energy haha

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Source: WSJ - 🏆 98. / 63 Read more »