First Solar Inc. Slips to 137th in Trading Volume Despite 1.30% Share Gain

On May 23, 2025, First Solar Inc. (FSLR) experienced a significant decline in trading volume, with a total turnover of $566 million, marking a 54.13% decrease from the previous day. This placed the company at the 137th position in terms of trading volume for the day. Meanwhile, First Solar Inc. (FSLR) shares rose by 1.30%.

Jefferies has raised its price target for First Solar Inc. (FSLR) to $157, reflecting a substantial increase from the previous target of $127. This adjustment comes as analysts at Jefferies reassess the company's financial outlook in light of recent legislative developments. The House of Representatives passed a bill that significantly weakens key clean-energy tax incentives, which has led to a decline in the shares of U.S. solar energy companies. First Solar Inc. (FSLR) shares declined by 4.3% on May 22, following the passage of the bill. The Senate is expected to make significant changes to the bill, but political realities may complicate these efforts. The uncertainty surrounding the future of clean energy tax incentives has rattled investors, leading to a sharp decline in renewable energy stocks. Despite market concerns, some analysts believe the final legislation will be less harmful than the House version. The bill includes provisions that ban the use of components from China and end technology-neutral clean electricity tax credits by 2029, which could impact many solar and battery manufacturers.