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Chuck Smith monitors the production process of the series 6 solar batteries during a tour of the first solar plant in Walbridge, Ohio, October 6, 2021.
Dane rice | Reuters
First sunny The shares were plunged on Wednesday after CEO Mark Vyodar said the scale and depth of the president Donald TrumpThe tariffs were unexpected and created a “significant economic wind” for the company’s production institutions.
Widmar noted that the implementation of Trump’s new trade policy considered the first sunny food as an opportunity, but the tariffs imposed by the president earlier this month “introduced significant problems for 2025, which were not known at the beginning of the year.”
The first solar stock traded about 11% below 9:31 am. Today, shares are reduced by about 20%.
The first sunny is the largest, publicly traded by the manufacturer of solar modules in the US. Analysts at Wall -Rate viewed the first sunny food as a company that is best located in the solar industry to get tariffs
Analysts Keybanc, Opeppeheimer and Jefferies lowered FIRST SOLAR stocks after the company reported its financial results in the first quarter on Tuesday.
The first performance of solar stocks
Widmar said Trump’s tariffs “create a significant economic wind” for the first solar plants in India, Malaysia and Vietnam. Malaysia and Vietnam services serve the American market exclusively, while the site in India serves South Asia and North America, he said. The first solar bar may have to reduce or idle production at Malaysia and Vietnam factories. he said.
The uncertainty is whether the tariffs of Trump will remain by 10%or increase after the 90-day pause of the president, “created a challenge for a quantitative definition of the exact tariff rate that will apply to our supply modules in the second half of this year,”-said Vimar.
For the first time, the solar has reduced the forecast for a full year in response to Trump tariffs, and the company now estimates $ 12.50 to $ 17.50 per share and $ 4.5 billion. The upper end of the guide suggests that 10% of the tariffs remain on the spot this year. The first solar frame was previously waiting for a $ 17 to $ 20 profit in 2025 and sales from $ 5.3 billion to $ 5.8 billion.
Widmar said the solar demand in the long run from the growth of electricity demand in the first sunny side of the United States – the lobbying of Congress and the Trump administration to retain the production of tax credits in accordance with the inflation law, he said.
