FSLR

First Solar's stock has experienced a challenging period over the past six months, with its price falling by 21.29% over the last 12 months and a year-to-date total return of -33.79% as of September 28, 2026, hitting a 52-week low in September 2026. Key events include: First Solar announced record sales and income growth for Q1 2026, with net sales increasing by 24% and net income rising to $347 million, shipping a record 3.8 GW of modules and reaffirming guidance. First Solar announced its Q2 2026 financial results and reaffirmed its guidance. First Solar engaged in patent disputes related to TOPCon technology, applauding a Section 232 action on polysilicon in August 2026, recalibrating its IP enforcement strategy in September, and filing a patent infringement lawsuit against JA Solar and American Panel Solutions in October 2026. In September 2026, Goldman Sachs lowered its price target on First Solar to $272 from $310, while maintaining a Buy rating. Ongoing trade tensions and new reciprocal tariffs by the U.S. on key trading partners, including additional tariffs on imports from China in February and March 2025, have been identified as potential headwinds.