First Solar shares plunge as permitting delays and tariff costs hit annual outlook
First Solar shares fell nearly 14 percent after the company projected annual sales well below analyst estimates. Management cited permitting delays and tariffs.
Insights:
First Solar, Inc. projected on Wednesday that its net sales for 2026 will range between $4.9 billion and $5.2 billion, a figure that falls substantially short of the $6.12 billion average estimate previously calculated by analysts. The company issued this guidance immediately following the release of its fourth-quarter financial results, leading to a sharp market reaction that saw its share price drop by nearly 14 percent.
