Top US solar firm sees stock plunge after big guidance drop from ‘significant challenges’ of Trump tariffs

Quick Summary:

Renewable energy faces a potential double whammy of tariffs and tax credit reductions.

Meanwhile, residential solar manufacturer Enphase Energy had its stock fall April 30 to a nearly five-year low since its pandemic bottom in 2020.

But solar is considered the best-positioned of the sector, and First Solar, which focuses on utility-scale solar, is recognized as the U.S.bellwether in part because most of its manufacturing is domestic.

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Article Details

Author / Journalist: Jordan Blum

Category: EconomyBusiness

Markets: United States

Topics: Solar Alternative energy Renewables First Solar Tariffs Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 22:17:32 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 755 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 189 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28303986

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Official Website: fortune.com

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