First Solar cuts sales forecast as tariff uncertainty slows orders
Published . Updated .
First Solar reported third-quarter net sales of $1.23 billion and net income of $571 million, as the US thin-film manufacturer navigated customer uncertainty over Section 232 tariffs.
Directly affected
- FSLR First Solar-9.7% 30d
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR+0.2% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- TAN Invesco Solar ETF-6.4% 30d
Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “solar” (clean energy) in this story.
- CAT Caterpillar-20.0% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.4% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+13.7% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike+8.1% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NEE NextEra Energy+0.6% 30d
NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “solar” (clean energy) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FSLR | -2.74% | -0.62% | base | -3.02% | after close | after close | after close |
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| TANNo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
| NKE | -2.86% | -2.26% | base | +0.98% | after close | after close | after close |
| NEENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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First Solar cuts sales forecast as tariff uncertainty slows orders pv magazine Global
Source: pv magazine Global
Invesco Solar Etf (TAN) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| First Solar (FSLR) | that day | -3.02% | still updating |
| First Solar (FSLR) | three days earlier | -0.62% | final price |
| First Solar (FSLR) | five days earlier | -2.74% | final price |
| NKE | that day | +0.98% | still updating |
| NKE | three days earlier | -2.26% | final price |
| NKE | five days earlier | -2.86% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought First Solar (FSLR) (jointly held), worth $1,001 - $15,000 on 13 Aug 2026. That is 78 days before publication. Filed 11 Sep 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 32 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 32 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 35 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 64 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 2 Oct 2026. That is 28 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 46 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 58 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Solar Etf (TAN)
Companies mentioned with this story
- TAN Invesco Solar Etf
For “First Solar cuts sales forecast as tariff uncertainty slows orders,” Invesco Solar Etf (TAN) is linked, with no stored direction, medium confidence. Reason on file: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “solar” (clean energy) in this story
- ICLN Ishares Tr
Ishares Tr (ICLN) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders.” Reason on file: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “solar” (clean energy) in this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- FSLR First Solar
In “First Solar cuts sales forecast as tariff uncertainty slows orders,” First Solar (FSLR) is linked, with no stored direction, medium confidence. Reason on file: First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “solar” (clean energy) in this story
- CAT Caterpillar
For “First Solar cuts sales forecast as tariff uncertainty slows orders,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
Walmart (WMT) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NEE Nextera Energy
Nextera Energy (NEE) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders.” Reason on file: NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “solar” (clean energy) in this story
Invesco Solar Etf (TAN)
The 30 Oct 2026 story “First Solar cuts sales forecast as tariff uncertainty slows orders” names Invesco Solar Etf (TAN) because of this story.
Invesco Solar Etf (TAN) is on the page because Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “solar” (clean energy) in this story
Also listed, Ishares Tr (ICLN): iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “solar” (clean energy) in this story
The price range for Invesco Solar Etf (TAN), and the dates in the story
ICLN traded between 16.21 and 17.62 across 18 sessions. The latest close on file is 16.27. TAN traded between 40.77 and 46.34 across 20 sessions. The latest close on file is 41.77. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 170.11.
A simple score for Invesco Solar Etf (TAN)
46 out of 100Price not final
“First Solar cuts sales forecast as tariff uncertainty slows orders” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.