Chuck Smith is monitoring the manufacturing process of solar panels in series 6 during a visit to a first solar factory in Walbridge, Ohio, October 6, 2021.
Dane Rhys | Reuters
First solar The actions plunged on Wednesday, after CEO Mark Widmar said that the extent and depth of President Donald Trump's prices were unexpected and pose an “significant economic wind” to the company's manufacturing facilities.
Widmar said that the implementation of new trade policies by Trump was considered by First Solar as a possibility, but the prices imposed by the president earlier this month “introduced significant challenges in 2025 which were not known at the start of the year”.
The first solar stock was negotiated about 11% less than 9:31 a.m. HE. The action is down approximately 20% over a year.
The first solar is the largest manufacturer of listed solar modules in the United States. Wall Street analysts considered First Solar as the company that is best positioned in the solar industry to meter prices because it has invested in manufacturing facilities in the United States
First solar stock performance
But Widmar said that Trump's prices “create a significant economic headwind” for the first solar factories in India, Malaysia and Vietnam. The facilities in Malaysia and Vietnam exclusively serve the American market, while the site in India serves South Asia and North America, he said. The first solar could have to reduce or inactivate production in Malaysia and Vietnam factories. He said.
Uncertainty as to whether Trump's prices will remain 10% or increase after the president's 90-day break “has created a challenge to quantify the precise rate rate that would be applied to our module shipments in and beyond the second half of this year,” said Widmar.
First Solar has reduced its annual forecasts in response to Trump prices, the company now estimating a profit of $ 12.50 to $ 17.50 per share and a turnover of $ 4.5 billion at $ 5.5 billion. The higher end of the directives provides that the 10% prices remain in place this year. FIRST Solar previously awaited a profit from $ 17 to $ 20 per share in 2025 and sales of $ 5.3 billion at $ 5.8 billion.
Widmar said that the prospects for solar demand are long-term due to the increase in electricity demand in the first American solar to put pressure on the Congress and Trump administration to maintain manufacturing tax credits under the law on the reduction of inflation in place, he said.
