[US Stock Market Movement] First Solar drops sharply on September 24: Target price lowered and revenue forecast downgraded

First Solar September 24 Major Drop Interpretation

Keywords: Target price downgrade, revenue forecast cut

1. On September 22, 2026, Baird lowered First Solar’s target price from $318 to $290, maintaining an “Outperform” rating.

2. On September 23, 2026, institutions predicted that First Solar's upcoming quarterly revenue would decline by approximately 19% year-on-year, with full-year revenue forecast to fall by about 3% year-on-year, and profit growth expectations coexisting with declining revenue.

3. On September 24, 2026, major U.S. stock indexes generally weakened, and First Solar’s decline exceeded that of the S&P 500. Together with a cumulative drop of 11.21% over the past five days, the company’s short-term weakness continued.

(Disclaimer: This content is generated by AI technology from publicly available information and is for reference only. It does not constitute investment advice.)