Leading U.S. solar manufacturer First Solar saw its stock plunge almost 9% on April 30 after dropping its midpoint earnings guidance by nearly 20% for 2025 because of the potential impacts of President Trump’s tariffs.
The renewable energy industry is struggling because of tariffs, supply chain costs, and political headwinds in the U.S. But solar is considered the best-positioned of the sector, and First Solar, which focuses on utility-scale solar, is recognized as the U.S. bellwether in part because most of its manufacturing is domestic.
