Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why First Solar Is Surging While Oil Tumbles in May 2026
Episode 22 of Energy Economics with Fexingo explores the growing divergence between solar stocks and oil prices, using First Solar's 19 percent surge over the past week as the central case. Lucas and Luna break down how First Solar's utility-scale solar contracts, U.S. manufacturing advantage, and exposure to the Inflation Reduction Act have insulated it from the broader energy sell-off, even as WTI crude slides 7 percent and the S&P 500 energy sector drops over 5 percent. They connect the move to structural demand for large-scale solar, the repricing of geopolitical risk premiums…
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