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Meeting to be held in Denver on June 24 hosted by Truist.
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Why Bank of America's (BAC) Bold Leap for Digital Dollars Could Benefit Shareholders
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Joining Forces for a Unified Digital Dollar Network Bank of America is planning to join major peers, such as JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C), in developing a stablecoin network modeled after Zelle. The initiative would leverage existing infrastructure—specifically, Early Warning Services and The Clearing House—to create a unified, fiat-backed stablecoin designed for retail and cross-border payments. The goal is to streamline traditional systems, such as ACH, by offering faster and more cost-efficient transactions. Bank of America has also floated the idea of launching its own 'Bank of America Coin', but for any of this to move forward, it will depend on the passage of favorable legislation. Washington Paves the Way with the GENIUS Act This is where the GENIUS Act comes into play. Just days ago, the Senate passed the crypto regulation bill with strong bipartisan support in a 68–30 vote, sending it to the House for further consideration. The bill includes key provisions like 1:1 reserve backing, segregated customer funds, and strict anti–money laundering standards. Regulation has always been an inevitable and necessary step for digital assets, and now that more explicit rules are emerging, traditional banks are finally feeling confident enough to get involved. Costs and Benefits for BAC Shareholders There are clear incentives for banks to enter the stablecoin market. It offers potential cost savings, new revenue streams from transaction processing, and opportunities to develop innovative financial products. At a broader level, it could help reinforce the U.S. dollar's dominance as the global reserve currency. However, stablecoins carry real risks. Though more 'stable' than unbacked cryptocurrencies, they are still vulnerable to collapse, as seen with TerraUSD in 2022, and pose potential systemic threats. Critics warn that the failure of a major issuer could have a ripple effect across the financial system. 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Perhaps most notably, Bank of America's capital position is stronger than ever, with total assets climbing to $3.35 trillion. However, the outlook isn't as rosy as its first quarter results. The company expressed uncertainty over the macroeconomic outlook due to potential tariffs and their impact on the economy. For example, if retailers raise the price of a television due to tariffs, fewer Americans will use their Bank of America cards to process the transaction. So, banks are quite vulnerable to economic stagnation. This, combined with the risky pivot into digital currencies, may be 'cause for pause' among investors. Is Bank of America a Buy, Sell, or Hold? On Wall Street, BAC earns a Strong Buy consensus rating based on 18 Buy, two Hold, and zero Sell ratings in the past three months. BAC's average price target of $49.38 implies an upside potential of almost 10% over the next 12 months. 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Policy Shift Cannot Stop First Solar's (FSLR) Near-Term Momenum
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While First Solar stock dropped nearly 20% following the broad solar selloff triggered by the 'Big Beautiful Bill,' that decline was modest compared to residential-focused names like Enphase (ENPH) and Sunrun (RUN), which were hit harder due to the immediate loss of residential solar credits. Looking ahead, some medium-term turbulence is likely to occur. But in the near term, the investment case for First Solar remains strong, and in my view, the current pullback offers an attractive entry point for potential market-leading returns by 2026. 12-Month $290 Price Target in Sight Following the recent sell-off, First Solar is now trading below its 200-week moving average, presenting what I believe is a rare and compelling accumulation opportunity. With the near-term outlook intact—and arguably strengthened by the coming tax credit phase-out in 2027/2028, this sets up what I view as a high-conviction 12-month trade. Yes, solar stocks are notoriously volatile, but with the major impacts of the 'Big Beautiful Bill' now priced in, the focus shifts to execution and sentiment stabilization. It's hard to see what additional policy shocks could further destabilize the sector in the near term. In my bull-case scenario, I project $25 in normalized EPS for Fiscal 2026 and a non-GAAP P/E multiple of 15, implying a potential share price of $375. That said, I'm setting a more conservative take-profit target at $290, reflecting cautious optimism while aiming for a strong return. From current levels around $145, that would represent a 100% gain—a trade setup that's hard to beat in today's market. First Solar May Consolidate the Market in This Climate Stricter Foreign Entities of Concern (FEOC) rules under the 'Big Beautiful Bill' are set to strongly benefit U.S.-based manufacturers like First Solar. Its vertically integrated, China-independent Cadmium Telluride (CdTe) technology gives it a unique edge in meeting domestic content requirements and navigating tighter import restrictions. These policy shifts are likely to lead to industry consolidation, with First Solar emerging stronger as a result. While the path forward may involve volatility, the company's scale, infrastructure, and reputation position it to outlast and outperform smaller, margin-strained competitors. As weaker players exit or downsize, First Solar could gain pricing power and further expand its market share over the medium term. Is First Solar a Good Stock to Buy Now? Wall Street maintains a Strong Buy consensus on First Solar, with 23 Buy ratings, 3 Holds, and zero Sells. The average price target sits at $210, implying a 46% upside over the next 12 months. The most bullish analyst target is $275, which closely aligns with my own independent target of $290. Given the evolving policy landscape, I plan to reassess my position around the $250 level, to trim depending on how market sentiment unfolds in the coming months. The Market Is Nowhere Near Done with First Solar While cyclicality and volatility come with the territory for First Solar—and solar stocks in general—the near-term profit potential remains compelling. Looking further out, it's clear that solar demand isn't going anywhere. Tax incentives may decline, but fossil fuel supplies are finite, and the shift toward renewable energy is inevitable. First Solar is positioning itself now to become America's most dependable solar energy asset, and that long-term vision keeps me bullish. While I'll continue to trade around the cycles like a pro, my core conviction in First Solar's future remains strong.
