Why First Solar's Shares Plunged 10.1% on Tuesday

By The Motley Fool9 days ago


Shares of solar manufacturer First Solar (NASDAQ: FSLR) fell as much as 10.1% in early trading Tuesday as the market sell-off hit solar energy stocks. However, shares recovered all of those losses and closed the day up 0.4%.

Early in trading today the market fell and oil prices dropped nearly 2% very rapidly. The sell-off hit tech and high-growth stocks, but it also impacted volatile clean energy stocks like First Solar.

Image source: First Solar.

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