Oppenheimer Downgrades First Solar (FSLR) to Perform

Oppenheimer analyst Colin Rusch downgraded First Solar (NASDAQ: FSLR) from Outperform to Perform.

The analyst comments "With tariff and tax policy uncertainty hanging over its business, FSLR is taking a hard line on plans for managing through the situation. Management indicated a willingness to idle capacity should Trump's reciprocal tariffs take effect without cost sharing from customers. The company also indicated an inability to begin negotiations with customers until it had better visibility to both potential tariff and IRA adjustments. We believe the company is betting that policymakers will support its business and that customers will pass on incremental costs to off-takers. In the meantime, uncertainty on timing of policy resolution (FSLR's indicated federal budget negotiations could extend into 2026) suggest the low-end of guidance in 2025 is a realistic scenario. We downgrade to hold pending further policy clarity."

For an analyst ratings summary and ratings history on First Solar click here. For more ratings news on First Solar click here.

Shares of First Solar closed at $137.24 yesterday.

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