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First Solar (NASDAQ:FSLR) have all beaten the market.
Solar companies haven t had a tremendous growth year by most measures, but they ve outperformed expectations, and investors have a very bullish eye on the future of the industry. As 2020 comes to a close, it s worth looking at how we got here and what 2021 has in store.
Politics rules the year
If you can point to one thing that s driven solar stocks higher this year, it s the political winds changing. In summer, when it became likely that President-elect Biden would win the White House, investors speculated that positive policy changes would follow. And a Democrat sweep of Congress could potentially bring a Green New Deal. The sweep hasn t happened (and it s still possible), but Biden s win is already seen as a big victory for the solar industry for the following reasons: