After trading down 2.48% into the close of yesterday's regular session the stock is down another -12.46% ($17.10) at $120.14 in pre-market action.
From Barron's, April 29:
First Solar, the country’s largest solar manufacturer, said that tariffs will significantly reduce revenue and earnings this year, sending the stock down 10% in after-hours trading.
First Solar missed Wall Street’s consensus expectation for the first quarter, reporting earnings of $1.95 a share versus the projection of $2.49 a share.
The company also revised guidance sharply lower. It said that tariffs could reduce its 2025 revenue from a range of $5.3 billion to $5.8 billion to a range of $4.5 billion to $5.5 billion. It reduced its earnings per share expectations from a range of $17 to $20 to a range of $12.50 to $17.50....
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We'll be back at the end of the trading day with more on this one.
