Separately Q1 earnings from solar panel majors First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR) were mixed, while microinverter major Enphase Energy (NASDAQ:ENPH) provided Q2 guidance that was below estimates. The biggest tailwind for the solar industry comes from the Inflation Reduction Act, which was signed into law last August and carries about $370 billion in subsidies and credits for clean energy investment. Within the theme, First Solar has been the strongest performer, with its stock rising by 27% year-to-date, as the company’s residential panels cater more to utility-scale projects, which are expected to fare a bit better this year.