Why First Solar Stock Slumped Today

Core Viewpoint - First Solar's stock experienced a significant decline of nearly 20% following disappointing guidance for 2026, despite a strong performance in 2023 with a 24% increase in sales to $5.2 billion [1][2]. Group 1: Financial Performance - First Solar reported a 24% increase in sales for the fourth quarter, reaching $5.2 billion [1]. - The company announced the commissioning of a new manufacturing facility in Louisiana and plans for a new 3.7 gigawatt solar panel production facility in South Carolina [1]. Group 2: Future Guidance - The guidance for 2026 indicated no expected sales growth and potential revenue decline, which was a significant disappointment for investors [2]. - Analysts had anticipated sales of approximately $6.2 billion for 2026, highlighting the gap between expectations and the company's guidance [2]. Group 3: Market Reaction - Following the guidance announcement, First Solar's stock was down by 15.2% as of 10:41 a.m. ET, reflecting investor concerns [1]. - Despite the recent decline, First Solar's stock remains 35% higher over the past 12 months, indicating a strong performance prior to this news [3].