First Solar falls to near 4-month low; BMO downgrades stock to 'market perform'

Shares of U.S.-based solar company First Solar FSLR.O fall 11.6% to $220.73, their lowest level since October 2025

BMO downgrades stock to "market perform" from "outperform"; cuts PT to $263 from $285, still a 5.62% upside to stock's last close

Says Tesla TSLA.O CEO Elon Musk's plans to build massive solar panel manufacturing capacity of 100 GW per year could weigh on FSLR

"..his (Musk) remarks during today's earnings call suggest to us that this is likely to become a bona fide effort in the next few quarters and may be an overhang on FSLR shares for some time" - BMO

Brokerage notes that even if a portion of Tesla's planned capacity is available for third parties, it could negatively impact long-term module pricing

34 of 41 brokerages rate the stock "buy" or higher, 6 "hold" and 1 "sell" or lower; median PT is $284 - LSEG data

Including session's moves, stock down about 15% YTD, after gaining 48.2% in 2025