First Solar stock plunges after analyst downgrade

First Solar (FSLR.US) shares tumbled over 5% after Bank of America downgraded its stance on the manufacturer of solar panels to ‘underperform’ from ‘neutral’ and slashed price target to $65.50 from $76.50, saying growth estimates may be too optimistic. The investment bank believes that First Solar has received “too much credit for a reality that has never materialized.” According to StreetInsider, the BofA analyst points out that too much “good” news is priced into the shares, making them “susceptible to significant derating”.

First Solar (FSLR.US) stock has been moving in a downtrend since the beginning of November 2021, however buyers managed to halt declines at the end of February around major support at $61.35, which sparked upward correction. Nevertheless bulls failed to break above local resistance at $85.25 which is marked with upper limit of the 1:1 structure and 38.2% Fibonacci retracement of the last downward wave. If current sentiment prevails, local support at $76.70 may be at risk. Source: xStation5

19 October 2026, 10:48 AM

Chart of the Day: What’s next for tech stocks after the deepest sell-off since April 2025? (19.10.2026)

19 October 2026, 9:02 AM

Economic Calendar: Big tech earnings week and test for the AI rally (19.10.2026)

19 October 2026, 8:27 AM

Morning Wrap: Nasdaq rebounds ahead of Mag7 earnings, bonds regain favour, oil falls from peak (19.10.2026)

16 October 2026, 12:42 PM

Market wrap: European indices rebound 🔼 Defence stocks on the rise

Stocks

Prefer XTB on Google

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days