First Solar (FSLR) Stock Movement Summary First Solar shares declined sharply following a downgrade by BMO Capital Markets. BMO downgraded the stock from Outperform to Market Perform and lowered its price target. The downgrade was attributed to competitive concerns related to Tesla's announced plans for a vertically integrated solar photovoltaic (PV) manufacturing base. Tesla's CEO indicated the company intends to enter domestic solar manufacturing. First Solar's stock gapped down significantly, opening at $230.22 after closing at $249.41, with heavy trading volume. The stock dropped over 10% in one day and 6.5% over seven days following Tesla's solar manufacturing announcement. Despite the decline, the company reported strong revenue growth of 79.7% year-over-year, though it slightly missed EPS estimates. First Solar is scheduled to report Q4 and full year 2025 financial results on February 24, 2026.
Read full analysisFirst Solar (FSLR) Stock Movement Summary First Solar shares declined sharply following a downgrade by BMO Capital Markets. BMO downgraded the stock from Outperform to Market Perform and lowered its price target. The downgrade was attributed to competitive concerns related to Tesla's announced plans for a vertically integrated solar photovoltaic (PV) manufacturing base. Tesla's CEO indicated the company intends to enter domestic solar manufacturing. First Solar's stock gapped down significantly, opening at $230.22 after closing at $249.41, with heavy trading volume. The stock dropped over 10% in one day and 6.5% over seven days following Tesla's solar manufacturing announcement. Despite the decline, the company reported strong revenue growth of 79.7% year-over-year, though it slightly missed EPS estimates. First Solar is scheduled to report Q4 and full year 2025 financial results on February 24, 2026.
First Solar Inc (FSLR) is a publicly traded company in the Industrials sector.