Here is Why First Solar (FSLR) Fell This Week

The share price of First Solar, Inc. (NASDAQ:FSLR) fell by 6.87% between January 23 and January 30, 2026, putting it among the Energy Stocks that Lost the Most This Week.

First Solar, Inc. (NASDAQ:FSLR) is a leading American solar technology company and global provider of responsibly produced, eco-efficient solar modules.

First Solar, Inc. (NASDAQ:FSLR) took a hit on January 29 when BMO Capital downgraded the stock from ‘Outperform’ to ‘Market Perform’, while also cutting its price target from $285 to $263. The analyst noted that the potential competitive threats from additional domestic solar manufacturing may put FSLR shares under pressure ‘for some time’.

BMO initially dismissed Elon Musk’s remarks in Davos about Tesla potentially building a significant vertically integrated solar PV module manufacturing base to self-generate as ‘aspirational’. However, the firm believes that the Tesla CEO’s comments during the company’s recent earnings call indicate that ‘this is likely to become a bona fide effort in the next few quarters and may be an overhang on FSLR shares for some time’.

While we acknowledge the potential of FSLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.