First Solar Stock Tumbles Over 9% Amid Heavy Selling Pressure

First Solar Inc (NASDAQ: FSLR) shares faced a steep selloff in Tuesday afternoon trading, plunging significantly as investor sentiment soured on the solar panel manufacturer.

As of 2:49 pm GMT-4 on April 30th, First Solar stock was trading at 124.53 USD. This marked a substantial decline of $12.71, representing a 9.26% loss for the trading day. The current price is considerably lower than the previous session’s close of $137.24.

The day’s trading saw FSLR open at $120.76. After reaching an intraday high of $127.60, the stock reversed course sharply, hitting a low of $119.09. The downward momentum intensified during the afternoon session, pushing the stock price down significantly.

This sharp drop brings First Solar’s share price closer to its 52 week low of $116.56. The stock’s 52 week high stands much higher at $306.77, illustrating the substantial volatility the shares have experienced over the past year. Market data indicates First Solar currently trades with a Price to Earnings (P/E) ratio of 10.36 and does not provide a dividend yield to shareholders.