First Solar (FSLR) Fell by Over 12% This Week. Here is Why.

The share price of First Solar, Inc. (NASDAQ:FSLR) fell by 12.59% between June 10 and June 17, 2025, 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) plunged this week after it was revealed that the Senate version of President Trump’s sweeping tax-and-spending bill has retained the cuts to renewable energy tax credits. The Senate committee’s draft bill proposes cutting solar and wind incentives to 60% of their value in 2026 and ending them completely by 2028. With solar energy being First Solar’s core business, the proposed legislation is a direct strike to the company.

Following the recent downturn, the share price of First Solar, Inc. (NASDAQ:FSLR) has fallen by around 45% over the last year.

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Disclosure: None.