First Solar shares drop 35% amid sector-wide challenges despite strong fundamentals.

First Solar's stock has fallen about 35% since June, underperforming due to broad solar sector pressures and recent political developments. The decline reflects systemic issues affecting the entire solar industry, as seen with similar drops in Enphase and SolarEdge stocks. Despite the price drop, First Solar's core business fundamentals remain strong, though the market is pricing in sector risks. Investors should weigh these risks against the company's solid outlook.

As of Sep 29, 2026 21:11 WIB, First Solar (FSLR) trades on Pluang at USD 173.55 with a modest 1-day gain of 0.34%. The stock shows strong investor interest, with 72% of order activity on Pluang being buys, reflecting confidence despite recent sector challenges. Its market cap stands at $18.59 billion, highlighting its significant presence in the energy sector.