First Solar (FSLR) Falls 17% as Tax Credit Cut Fears Linger

First Solar, Inc. (NASDAQ:FSLR) is one of the Massive Sell-Offs: These 10 Stocks Shockingly Nosedived.

First Solar, Inc. (NASDAQ:FSLR) dropped its share prices by 17 percent last week, finishing Friday at $145 versus $175.2 on June 13, as investors continued to unload positions amid the proposed phase-out of solar and wind tax credits by 2028.

The proposal forms part of President Donald Trump’s One Big, Beautiful Bill Act, which seeks to secure historic tax cuts, deficit reduction, and border security, among others.

However, it would also result in millions of Americans stripped of existing benefits, including healthcare and solar tax credits, and largely impact investor sentiment in solar companies, including First Solar, Inc. (NASDAQ:FSLR).

A solar panel farm with an orange sky illuminating the vast landscape.

Based on the draft bill being circulated by the Senate committee, tax incentives for solar and wind projects will be cut to 60 percent of their value in 2026, and totally end in 2028. Under the current law, the phase-out will not begin until 2032.

Following the risks, Reuters said Citi analysts remained a “sell” on residential solar.

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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.