First Solar (FSLR) Falls 13.6% on Weak Sales Guidance

We recently published 10 Stocks Left Behind in a Roaring Market. First Solar Inc. (NASDAQ:FSLR) was one of the worst performers on Wednesday.

First Solar dropped its share prices by 13.61 percent on Wednesday to finish at $210.12 apiece, as investor sentiment was dented by a weak net sales guidance for 2026, versus a double-digit growth reported last year.

According to the company, it is targeting to generate $4.9 billion and $5.2 billion in net sales for full-year 2026, flat to a decline of 5.8 percent from the $5.2 billion registered last year. This compares with a 24-percent jump in 2025 from $4.2 billion in 2024, with growth driven by a 24-percent increase in third-party module volume.

Sales volume is expected to be at 17 GW to 18.2 GW, while adjusted EBITDA is pegged at $2.6 billion to $2.8 billion, higher by 10 to 18.6 percent than the $2.36 billion in 2025.

Meanwhile, First Solar Inc. (NASDAQ:FSLR) also reported an 18.6 percent jump in net income last year, at $1.53 billion, versus $1.29 billion in 2024.

In the fourth quarter alone, net profit increased by 32 percent to $520.88 million from $393 million, while net sales grew by 11.2 percent to $1.68 billion from $1.5 billion, thanks to an increase in the volume of modules sold.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.