First Solar, Inc.

(NASDAQ Global Select)
Back to all articles
Bearish -65

First Solar stock falls 10.3 percent ahead of the open

Financial outlook Price movement AI-generated analysis

πŸ“‰ First Solar stock fell 10.3 percent to a new 52-week low of USD 184.15 on the Nasdaq as of September 24, 2026.

πŸ“Š The company's shares were down approximately 12 percent for the week, underperforming the Nasdaq Composite which gained slightly.

πŸ’Έ Higher borrowing costs and elevated Treasury yields are pressuring project financing for First Solar's utility-scale solar developments.

πŸ“‰ GLJ Research cut its price target for First Solar to USD 250 from USD 314.43 due to concerns over financing conditions.

🌍 The decline was part of a broader solar sector selloff affecting peers like Enphase Energy and SolarEdge Technologies.

Risk Factors
  • First Solar stock hit a new 52-week low of USD 184.15, reflecting significant investor concern over the company's immediate market performance.
  • Rising borrowing costs and high Treasury yields are creating substantial pressure on project financing for First Solar's utility-scale developments.
  • Analyst GLJ Research downgraded its price target to USD 250 from USD 314.43, signaling a negative shift in valuation expectations.
  • The company is facing headwinds as higher interest rates increase the upfront capital requirements for new solar projects.
Full Analysis
First Solar Inc. (FSLR) shares experienced a significant decline of 10.3 percent, closing at USD 184.15 on the Nasdaq to reach a new 52-week low as of September 24, 2026. The stock also posted a weekly loss of approximately 12 percent, trailing behind broader market gains and falling alongside other solar sector peers like Enphase Energy and SolarEdge Technologies during this specific selloff event. Analysts and market observers attribute the sharp drop in First Solar's valuation primarily to rising borrowing costs which are pressuring project financing for utility-scale solar developments. With 30-year Treasury yields reaching 5.48 percent and 10-year yields at 5.2 percent, the increased cost of capital creates substantial headwinds for projects requiring large upfront funding, directly impacting First Solar's business environment. Market sentiment turned notably negative as GLJ Research downgraded its price target for First Solar to USD 250 from a previous estimate of USD 314.43 earlier in the week. This reduction in analyst valuation reflects growing concerns regarding the financial viability of new solar projects under current high-interest rate conditions, contributing to the broader sector-wide decline observed on September 24, 2026.