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We recently published a list of These 10 Stocks Were Sold Down Today, And Here’s Why. In this article, we are going to take a look at where First Solar, Inc. (NASDAQ:FSLR) stands against other stocks that were sold down today.
Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms’ own developments affecting their businesses.
The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent.
In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A solar panel farm with an orange sky illuminating the vast landscape.
First Solar, Inc. (NASDAQ:FSLR)
First Solar, Inc. (NASDAQ:FSLR) dropped its share prices for a third straight day on Monday, shedding 7.59 percent to end at $164.92 apiece following developments in the House of Representatives planning to end solar tax credits by the end of the year.
Late Sunday night, the House Budget Committee approved a measure to eliminate the 30-percent residential solar tax credit by year-end, which forms part of the GOP’s budget reconciliation bill.
The news became a major blow to approximately 300 solar companies, including First Solar, Inc. (NASDAQ:FSLR), as well as customers who continue to claim 30 percent of installation costs as a credit on federal tax bills through 2032.
Despite earning the approval of both the House Ways and Means Committee and the Budget Committee, the bill still needs to be finalized and fully approved by both chambers before the president signs it into law.
Overall, FSLR ranks 7th on our list of stocks that were sold down today. While we acknowledge the potential of FSLR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FSLR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.