First Solar stock plunges as CEO says Trump tariffs pose ‘significant economic headwind'

Core Viewpoint - First Solar's stock experienced a significant decline due to unexpected tariffs imposed by President Trump, which are seen as a major economic challenge for the company [1][2]. Company Summary - First Solar is the largest publicly traded manufacturer of solar modules in the United States, and it has been recognized by Wall Street analysts as well-positioned to handle tariffs due to its investments in U.S. manufacturing facilities [3]. - The company's CEO, Mark Widmar, indicated that the tariffs have introduced significant challenges for 2025 that were not anticipated at the beginning of the year [2]. Market Reaction - Following the announcement regarding the tariffs, First Solar's stock was trading nearly 13% lower before the market opened and has declined over 22% year to date [2].