Core Viewpoint - First Solar is expected to maintain strong revenue from its eco-efficient solar modules despite a challenging policy environment for renewables from the current administration [1] Group 1: Company Performance - First Solar continues to generate significant revenue from the sales of its solar modules [1] - The company is positioned to benefit from the ongoing ramp in data and market dynamics [1] Group 2: Industry Context - The current administration's "drill, baby, drill" policy is creating a hostile backdrop for renewable investments, which may dampen overall investment sentiment in the sector [1] - Despite the negative sentiment, there is a focus on long-term wealth creation in the renewable energy sector, particularly for undervalued and high-growth companies [1]

Joann Kim +852 2800 8016 joann.kim@jpmorgan.com Multiple inbounds on Defense names amid rising share price volatility, what to do with them. I was arguing the story is not over yet, whether Ukraine-Russia peace deal or not, highlighting structural defense spending increase with the next catalyst being the NATO summit in June where higher defense spending is likely to be agreed. On top of structural defense spending, two headlines from last evening boost Defense names sentiment. Trump wanted to retreat from ...