On June 5, First Solar fell 5.78% in regular trading, trading at $293.165/share, with trading volume of $255 million. The decline comes amid a broad-based sell-off in the semiconductor and technology sector, as well as profit-taking following the stock's surge to 18-year highs near $320.95 in recent sessions.

The pullback follows a historic rally driven by U.S. Section 232 tariff expectations on polysilicon imports and rising clean energy demand from data centers. The UBS solar basket index had surged 33% in May alone, with First Solar leading gains at one point rising over 10% in a single session. Analysts had noted the stock entered a momentum-driven phase described as buying both rumor and news. Additionally, a Form 144 filing on June 2 disclosed a proposed sale of securities by an insider, which may have added selling pressure.

Within the Semiconductors sector where First Solar is classified, the overall sector experienced broad declines. Among individual stocks, Micron Technology down 4.88%, NVIDIA down 3.10%, Marvell Technology down 5.45%, Broadcom down 4.00%, Advanced Micro Devices down 5.05%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)