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First Solar Plunges 12.27% on Weak Q1 Earnings, Tariff Concerns
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 30, 2025 4:14 am ET1min read
First Solar's stock price plummeted by 12.27% in pre-market trading on April 30, 2025, marking a significant decline for the solar panel manufacturer.
First Solar reported its Q1 diluted EPS of $1.95, which fell short of the low end of its guidance. This underperformance was attributed to a shift in the mix of U.S. versus international sales, which impacted the company's overall earnings.
First Solar's stock price also dropped due to a weak 2025 outlook, reflecting the impact of tariffs on its operations. The company's guidance for the year was outlined at $12.50 to $17.50 EPS, which was seen as conservative by some analysts.
Investors are closely monitoring the economic data releases and earnings reports from major tech companies, which could influence market sentiment and impact First Solar's stock price in the coming days.
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