First Solar stock faces mounting pressure from policy concerns and cooling demand, trailing the broader Nasdaq index with a 23% YTD loss despite maintaining a strong long-term sales backlog.
First Solar has declined 23% YTD, 21.1% over three months, and 4.5% over 52 weeks, while Q2 net sales fell 4% and policy and tariff concerns weigh on demand.
Nextpower is mentioned as a rival that has outperformed First Solar, with a 13.5% gain over 52 weeks but an 8.2% YTD decline.
The Nasdaq Composite has outperformed First Solar with a 1.5% three-month gain, 13.7% YTD gain, and 18.7% 52-week gain.
First Solar shares have struggled in 2026, recording a 23% year-to-date decline as investors weigh tariff uncertainty and shifting U.S. policy landscapes. Despite a robust 45.1 GW sales backlog, the company reported a 4% year-over-year drop in second-quarter net sales, significantly underperforming the Nasdaq Composite's 13.7% gain over the same period.
The stock is facing pressure from investor concerns regarding U.S. solar demand, potential policy shifts, and tariff uncertainty, which have contributed to a 23% YTD decline.
Despite recent price weakness, the consensus rating among 33 analysts remains a Moderate Buy, with a mean price target suggesting a 33.1% upside.