$FSLR

The Trump administration announced a 15% tariff and minimum import prices for polysilicon derivatives, including silicon wafers, photovoltaic cells, and solar modules, to support the US solar supply chain. Analysts cited by BMO, Citi, Truist, BNP Paribas, and Barclays expect First Solar (FSLR) to benefit, with module prices potentially rising to the low to mid 40 cents per watt. Premarket: FSLR +4%, TAN +3%.

First Solar said it supports the Trump Administration’s Section 232 action on polysilicon imports, citing a framework with a minimum import price, an ad valorem tariff, and penalties for violations. It targets a supply chain where Chinese producers control over 90% of global polysilicon for crystalline silicon modules. The company plans a South Carolina plant to start in H2 2026 and expects about 17 GW US module capacity by 2027 after $5B+ investment since 2019.

Premarket movers included Atlassian (+29%+) after beating FactSet revenue and guidance, with Q4 revenue growth expected at 13% YoY. Wendy’s fell about 2% after global sales dropped over 6% and it withdrew 2026 outlook. Solar stocks rose on Trump tariff news. Airbnb jumped nearly 7% on Q2 results. Twilio surged over 17% on guidance; Trade Desk fell 27% on weaker Q2; Cloudflare rose over 16.5% on guidance; Akamai gained 8.3% after beating estimates.

According to the executive order, President Trump extended China tariffs to polysilicon products with a 15% duty and set minimum prices for some related imports under Section 232. The move aims to protect U.S. solar supply chains. Solar stocks rose in premarket, including First Solar (+7%), SolarEdge (+1%), and the Invesco Solar ETF (+4%).

First Solar (FSLR) shares rose about 8% premarket after President Trump signed an executive order adding a 15% tariff and minimum import prices for polysilicon and solar products under Section 232, effective Dec. 4, 2026. Minimum prices include $21/kg polysilicon and $0.22/W cells and $0.38/W modules. The move follows FSLR Q2 EPS of $3.92 and a $13.6B backlog, with analyst target increases.

S&P 500 and Dow futures were little changed ahead of July non-farm payrolls, which could affect rate expectations. Nasdaq futures rose as Microchip Technology and Atlassian gained on quarterly forecasts, while Cloudflare lifted its full-year outlook. Chip and software peers also rose. Airbnb advanced after earnings. Reuters cites CME FedWatch and Labor Department expectations.

Investing.com reports First Solar shares rose about 8% pre-open after President Trump signed a Section 232 executive order imposing 15% tariffs and minimum import prices on polysilicon and solar products effective Dec. 4, 2026. The policy sets price floors for polysilicon, solar cells, and modules. Analysts cited First Solar’s cadmium telluride technology as a beneficiary; Guggenheim, Citi, and Barclays raised targets after a Q2 2026 EPS beat of $3.92 and a $13.6B contracted backlog.

First Solar (NASDAQ:FSLR) shares rose 7.73% to $263 in after-hours after the Trump administration unveiled Section 232 trade measures targeting Chinese polysilicon imports. First Solar said it strongly supports the action, citing security and pricing risks, and noted plans to invest over $5B in US manufacturing and R&D by year-end.

Pomerantz LLP said it filed a securities class action against First Solar, Inc. (NASDAQ: FSLR) and certain officers in the Eastern District of New York. The suit covers purchases of FSLR shares from Feb. 26, 2025 to Feb. 24, 2026, alleging misleading statements about tariff impacts and 2026 performance. It cites Jefferies’ Jan. 7, 2026 downgrade and a stock drop, plus Feb. 24 results with weaker guidance and another decline.

President Trump signed an order imposing a 15% tariff on polysilicon-based products and setting price floors on polysilicon imports, citing protection of domestic producers from Chinese competition. The policy targets polysilicon, used in semiconductors and solar panels, which could affect solar supply chains and costs.