First Solar stock drops 16% as 2026 outlook jars investors — tariffs and permits in focus
First Solar shares fell 15.6% to $205.40 after the company forecast 2026 net sales of $4.9–$5.2 billion, missing analyst estimates. Management cited new tariffs, permitting delays, and policy uncertainty. The stock touched a session low of $196.45. Analysts downgraded the stock and cut price targets following the outlook.