Why These 15 Large-Cap Stocks Are Plunging So Far In 2025

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8. First Solar Inc (NASDAQ:FSLR)

Number of Hedge Fund Holders In Q4 2024: 65

First Solar Inc (NASDAQ:FSLR) is a solar company that makes and sells photovoltaic solar modules.

The stock is down significantly so far in 2025, as First Solar reported EPS of $3.65 for Q4 2024. This significantly missed analysts’ consensus estimate of $4.81 by $1.16.

First Solar did manage to beat revenue expectations of $1.48 billion by reporting $1.51 billion in revenue but the profitability guidance overshadowed the beat, especially since the guidance was also weaker than expected when it came to gross margins.

Plus, the return of Donald Trump to the presidency brought even more trouble to the renewable energy sector.

The consensus price target of $262.08 implies 100.22% upside.

FSLR stock is down 25.73% year-to-date.

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