First Solar shares slide on weak annual sales forecast

First Solar

25/02/2026 09:13

Corrects first bullet to say shares were down at $208.03, not $243.21

** Shares of First Solar FSLR.O down 14.85% at $208.03 in premarket trading

** Solar panel maker on Tuesday forecast annual sales below estimates, citing customer headwinds such as permitting delays under the Trump administration

** Co expects 2026 net sales in the range of $4.9 billion to $5.2 billion, below analysts' average estimate of $6.12 billion - LSEG-compiled data

** RBC Capital Markets says 2026 outlook below expectations due to incremental curtailments, but views this as a clearing event that should position co for a volume recovery next year, assuming no new tariffs after expiration of Section 122

** Q4 net income rises to $4.84 per share from $3.65 a year earlier

** 42 analysts rate the stock "buy" on average; their median PT is $281 - data compiled by LSEG

** As of last close, stock down 6.8% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((mail to: Kanishka.Ajmera@thomsonreuters.com))