First Solar’s shares slid on Wednesday as pressure from Donald Trump’s tariffs and a slowdown in demand for clean energy weigh on the sector.
The solar panel manufacturer’s shares closed 13.6 per cent lower after the company said it expected revenues of $4.9bn-$5.2bn this year, below analysts’ expectations of $6.2bn.
Investors were shaken by the cancellation of an order for 6.6 gigawatts with Lightsource BP, the largest solar developer in Europe.
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