Key Stats for First Solar Stock
- Yesterday’s Price Change: -18%
- Current Share Price: $144
- 52-Week High: $268
- FSLR Stock Price Target: $203
What Happened?
First Solar (FSLR) stock plunged 17.9% on Tuesday following news that a Senate committee proposed significant cuts to solar and wind tax credits as part of President Trump’s sweeping tax legislation.
The solar panel manufacturer was among the hardest hit in a sector-wide selloff that saw solar stocks lose billions in market value.
The Senate committee’s draft bill proposes slashing solar and wind incentives to just 60% of their current value by 2026 and completely eliminating them by 2028 — four years earlier than the current 2032 timeline.
This represents a dramatic acceleration of the phase-out schedule that the solar industry has been counting on for project planning and financing.
The proposal comes at an already challenging time for solar companies, which have been grappling with weak U.S. residential demand due to high interest rates and regulatory changes in California that have reduced net metering benefits for homeowners.
See First Solar’s full analyst estimates, earnings results, and earnings transcript (It’s free) >>>
What the Market Is Telling Us About FSLR Stock
The 17.9% drop in First Solar stock reflects investor concerns that the accelerated elimination of tax credits could significantly impact the company’s growth trajectory and project economics.
While analysts note the Senate version is less restrictive than the House bill, regarding construction timelines and credit transferability, the market is pricing in substantial headwinds for the solar sector.
Raymond James analyst Pavel Molchanov acknowledged that while the provisions “look worse than the industries had hoped,” there remains uncertainty about whether the bill will pass in its current form before Trump’s July 4 deadline.
The extended timeline for House and Senate Republicans to reconcile differences may provide an opportunity for solar industry lobbying efforts.
For First Solar stock investors, the key question is whether its utility-scale focus and manufacturing capabilities can help it navigate a potentially more challenging policy environment better than its residential-focused competitors.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
