First Solar Backlog Concerns Grow As Tax Credits And Valuation Draw Focus

2026-03-09 19:03:35

Abstract generation in progress

First Solar (NasdaqGS:FSLR) is experiencing growing concerns due to a shrinking order backlog and a significant reliance on Section 45X tax credits, which are set to phase out between 2030 and 2033. The company’s net bookings have reportedly turned negative, raising the risk of an “order cliff” around 2028. Investors are closely scrutinizing how First Solar will secure new contracts and maintain margins as policy support diminishes and its share price has seen recent declines despite long-term gains.

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