Shares of First Solar, Inc. (FSLR) tumbled more than 13% in Thursday trading after BMO Capital Markets downgraded the stock to Market Perform from Outperform and lowered its price target to $263 from $285, citing rising competitive risks.
First Solar shares were trading at $216.15, down $33.26, on volume slightly above average. The stock opened at $230.22 after closing Wednesday at $249.41 in the past 52-week period.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.