Locator: 48555SOLAR.
By the way, before we get started, the elite universities are putting up a good front confronting Trump on the anti-semitism issue, but two things:
- a task force "from" Harvard -- a scathing report has just been released ("everyone" knew it was bad, but now we see how bad it was / it is);
- behind closed doors, the adage is, "don't ever try to take on an American president, any president"
It's been one hundred days.
And we move on.
Later
April 30, 2025: Equior, link at Reuters. Should have stayed in its lane, stayed with its core competency (oil).
Original Post
First Solar, the country’s largest solar manufacturer, said that tariffs will significantly reduce revenue and earnings this year, sending the stock down 10% in after-hours trading.
First Solar missed Wall Street’s consensus expectation for the first quarter, reporting earnings of $1.95 a share versus the projection of $2.49 a share.
The company also revised guidance sharply lower. It said that tariffs could reduce its 2025 revenue from a range of $5.3 billion to $5.8 billion to a range of $4.5 billion to $5.5 billion. It reduced its earnings per share expectations from a range of $17 to $20 to a range of $12.50 to $17.50.
First Solar has several factories in the U.S., but also produces some of its solar film in India, Malaysia, and Vietnam, all of which are subject to new tariffs.
It plans to redirect its Indian supply to the domestic market in India, said CEO Mark Widmar. It may have to idle the factories in Malaysia and Vietnam.
