According to Morgan Stanley, the first Solar is one of the best-positioned companies in the clean technology field, sparked by President Donald Trump’s tariffs. The first solar has a tax that is a bit closer to Trump’s tax on imports, but the company is “a key beneficiary of tariffs over the long term,” analyst Andrew Percoco told clients in a memo on Monday, as the company has a large portion of its solar panel manufacturing capacity. Approximately 50% of the initial solar capacity is in Malaysia, Vietnam and India, while the rest is in the US, Percoco said. Analysts say the company has tariff exposures of approximately $500 million to $600 million this year from three factories in these countries. FSLR 6M Mountain First Solar has been acquiring stocks in stock over the past six months, but Percoco said that the first solar powers domestic manufacturing capacity and 93% of the company’s revenues already come from the US, tariffs from 2027 could benefit from rising US solar module sales prices. According to analysts, this could result in a 10% to 15% increase from Morgan Stanley’s base case scenario. The first solar stocks have remained flat since Trump announced his tariffs last Wednesday. Stocks have fallen about 26% so far this year, but traded 3% higher in Tuesday’s trading. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we recommend attending the first exclusive and in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
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