First Solar cuts sales forecast as US tariff uncertainty slows orders

· Energy · United States

US thin-film solar manufacturer First Solar reported third-quarter net sales of $1.23 billion and net income of $571 million, but cut its sales forecast as customers held back orders amid uncertainty over Section 232 tariffs. The company is the largest US-based solar module maker and a key supplier to utility-scale projects, making its guidance a bellwether for the domestic market. The warning points to how trade policy risk is now shaping procurement decisions in the US solar supply chain, where developers weigh potential tariff outcomes before committing to module purchases.

Why it matters：Tariff policy risk is now directly hitting order books at the largest US solar manufacturer, showing how trade measures can dampen demand even for domestic producers that tariffs are meant to protect.

Key points

  • Q3 net sales were $1.23 billion with net income of $571 million
  • The company cited customer uncertainty over Section 232 tariffs
  • First Solar is a major supplier to US utility-scale solar projects

Sources (original reporting)

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