Lates News

American solar panel manufacturer First Solar (FSLR.US) fell 15.3% to $206 before the market opened. On the news front, First Solar's fourth-quarter net sales reached $1.68 billion, a year-on-year increase of 11.1%, mainly due to the growth in component sales this quarter; earnings per share were $4.84, a year-on-year increase of 32.6%. Looking ahead to 2026, the company expects net sales to be between $4.9 billion and $5.2 billion, lower than the analyst average expectation of $6.12 billion. After the earnings announcement, J.P. Morgan lowered First Solar's target price from $303 to $256, and RBC Capital lowered its target price from $258 to $236.