First Solar (FSLR) Stock Jumps 8% as Trump Targets Chinese Polysilicon Imports

TLDR

• FSLR jumped 7.73% to $263 in after-hours trading Thursday after the Trump administration announced Section 232 trade measures on Chinese polysilicon imports.
• The measures include a 15% tariff and minimum import-price requirements, set to take effect December 4.
• Wells Fargo raised its price target to $313 from $300, maintaining an overweight rating.
• First Solar posted Q2 EPS of $3.92, beating the $2.90 consensus estimate by over $1.
• A securities class-action lawsuit has been filed, with an August 24 lead-plaintiff deadline.

First Solar (FSLR) closed the regular session Thursday at $244.14, up 3.10%, before jumping a further 7.73% to $263 in after-hours trading.

First Solar, Inc., FSLR

The move came after the Trump administration announced Section 232 trade measures targeting Chinese polysilicon imports under the Trade Expansion Act.

The measures include a 15% tariff and minimum import-price requirements on polysilicon and downstream products. They are scheduled to take effect on December 4.

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