First Solar Stock Jumps As Prospect of Cheaper Borrowing Costs Drives Chart Breakout

Key TakeawaysFirst solar shares will be in the spotlight again Monday after the company broke out from a key chart pattern on Friday after a soft April jobs report fueled hopes that sooner-than-expected interest rate cuts would reignite consumer appetite within the solar sector.Lower borrowing costs make solar energy product installations more affordable for a broader range of customers, potentially helping to boost demand.The First Solar share price broke out from a pennant chart pattern on Friday but may ...