First Solar Stock Dimmed on Disappointing Forecast

Group 1 - First Solar Inc (NASDAQ:FSLR) experienced a 9.7% decline in stock price, reaching $123.90, following a first-quarter earnings and revenue miss, along with a lowered annual sales and profit outlook [1] - CEO Mark Widmar indicated that tariffs are creating an unexpected and significant economic headwind for the company [1] - Oppenheimer downgraded First Solar stock from "outperform" to "perform," while Keybanc reduced its rating from "sector weight" to "underweight" [1] Group 2 - The stock is approaching its two-year low of $116.56, marking its worst daily drop since February, with support at the $120 level appearing to hold [2] - Year-to-date, First Solar's equity has decreased by 29.2% [2] - There has been significant options activity, with 36,000 calls and 37,000 puts traded, which is seven times the typical volume, with June 120 and 90 puts being the most popular [2]