Solar Energy
First Solar shares rebound as analysts dismiss Tesla solar competition
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Shares of First Solar rose 1% on Friday following a sharp decline, as major Wall Street firms downplayed the threat from Tesla's ambitious solar manufacturing plans. Elon Musk announced targets for 100 gigawatts of annual production, but analysts cited supply constraints and First Solar's advantages as mitigating factors. While one firm downgraded the stock, overall sentiment remained positive.
The U.S. federal residential solar tax credit ended on December 31, 2025, altering the economics for homeowners considering rooftop solar. While panel prices hit near-historic lows and technology improves, state incentives now play a larger role. Businesses can still claim a commercial credit for leased systems.
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The Egyptian Linear Alkyl Benzene Company (ELAB) recorded its highest production levels since its establishment, producing 141,000 tonnes of Linear Alkyl Benzene (LAB) during the 2025 fiscal year, according to results presented at the company’s general assembly meeting. Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, highlighted the company’s ability to produce high-value products that support a wide range of industries and generate significant economic returns through exports to global markets.
Tesla has started manufacturing its own residential solar panel at Gigafactory New York in Buffalo, with first deliveries set for the first quarter of 2026. The move comes amid a revival of the company's solar business, spurred by surging demand from impending policy changes. Company executives highlighted the panel's advanced aesthetics and shade performance during a recent earnings call.