The share price of First Solar, Inc. (NASDAQ:FSLR) fell by 6.87% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.
A solar panel farm with an orange sky illuminating the vast landscape.
First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules.
First Solar, Inc. (NASDAQ:FSLR) suffered a setback last week after House Republicans passed a tax bill that terminates key clean energy credits that have been necessary to sustain the country’s solar energy industry. The ‘one big beautiful bill’ makes it impossible for solar energy players to claim or transfer tax credits, while terminating them completely for installers that lease equipment to customers.
However, as the biggest producer of solar panels in the U.S. with a large domestic manufacturing footprint, First Solar remained relatively unhurt since manufacturing subsidies do not appear to have been touched.
Another development working in favor of First Solar, Inc. (NASDAQ:FSLR) last week is when Jefferies analyst Julian Dumoulin-Smith updated the price target for FSLR from $127 to $157, while maintaining a Hold rating on the stock.
While we acknowledge the potential of FSLR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FSLR and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds
Disclosure: None.
