Shares of First Solar Inc. sank Friday after the solar company reported first-quarter earnings that missed expectations by a wide margin, with sales falling to nearly half what they were just three months ago.
The stock FSLR dropped 12.3% in morning trading to an eight-week low, enough to pace the S&P 500 index’s SPX decliners. It was also headed for its worst one-day postearnings performance since it tumbled 12.3% after first-quarter 2021 results.
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