Why These Energy Stocks Are Losing This Week

6. First Solar, Inc. (NASDAQ:FSLR)

Share Price Decline Between June 10 – June 17: 12.59%

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.