Why First Solar Inc (FSLR) Went Up On Tuesday

We recently published a list of Bitcoin Miners Dominate Tuesday’s 10 Best-Performing Stocks. In this article, we are going to take a look at where First Solar Inc (NASDAQ:FSLR) stands against other Tuesday’s best-performing stocks.

The stock market bounced back on Tuesday, erasing losses in the previous day, as investors snapped up shares on news that the US-China trade tensions could possibly subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

On Tuesday, news reports said that US Treasury Secretary Scott Bessent believed there would be a de-escalation between the US and China, describing future negotiations as a slog that has not started yet. The news buoyed trading in several financial markets, including cryptocurrency, with Bitcoin jumping 5 percent to trade above the $91,000 level.

The rally spilled over into 10 companies, predominantly Bitcoin miners. In this article, we have listed the 10 top-performing firms on Tuesday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

First Solar Inc (NASDAQ:FSLR)

First Solar Inc. saw its share prices jump by 10.53 percent on Tuesday to close at $135.35 apiece as investors gobbled up shares in solar stocks following President Donald Trump’s announcement that he would slap a whopping 3,521 percent tariff on solar panel imports.

FSLR traded higher in line with its US-based counterparts as hefty taxes on imports could result in lower prices and reduced competition for local manufacturers.

Trump’s imposition of taxes stemmed from a year-long trade case filed by none other than FSLR, Korean firm Hanwha Qcells, as well as several smaller solar panel makers in the US which accused Chinese firms with factories in Malaysia, Cambodia, Vietnam, and Thailand of shipping panels priced below their cost of production, owing to unfair state subsidies.

However, advocacy groups have raised concerns about the impact of tariffs on local manufacturers, saying that it would harm domestic producers with higher costs of imported cells assembled at US factories.

Overall, FSLR ranks 10th on our list of Tuesday’s best-performing stocks. While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.