Trump Administration Section 232 polysilicon action sees First Solar stock rise 4.6%

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Parshwa Turakhiya

07.08.2026

Trump Administration Section 232 polysilicon action sees First Solar stock rise 4.6% — First Solar stock up 4.7% today

First Solar CEO Mark Widmar called the Trump Administration's Section 232 action on polysilicon a strategically significant move for national security and American industry. Shares are up 4.6% on the day at $255.6.

FSLR price prediction

24H 0.73%

$187.96

48H 1.36%

$189.14

7D 1.6%

$189.59

1M -18.06%

$152.9

3M -3.87%

$179.38

6M -27.1%

$136.04

12M -27.23%

$135.78

Current price: $186.6 6.96 3.87%

Closed 10/13

Daily range 180.04

187.57

Weekly range 174.91

187.57

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Highlights

First Solar shares rose 4.6% to $255.6 after its CEO praised the Section 232 action on polysilicon as a major strategic win for national security and industry.
The company believes this trade measure bolsters U.S. energy independence and benefits domestic manufacturers and workers.
First Solar stock remains in a bullish structure above key levels, with an expected range of $237.95 to $273.24 next week and upside momentum becoming stretched.

First Solar CEO Mark Widmar described the Trump Administration's Section 232 polysilicon action as very well thought out and one of the most strategically significant trade measures in decades. He argued the measure supports national security, energy independence, and American workers. First Solar strongly commends the Trump Administration's Section 232 national security action on polysilicon and its derivatives, according to Stock Titan.

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Upside momentum as stock holds above key moving averages

First Solar stock is holding above its prior weekly high at $253, reinforcing a bullish daily chart structure. The price remains above its MA-20, MA-50, and MA-200 lines, reflecting sustained buying support. RSI sits at 61.4 and is nearing overbought territory, which suggests the recent advance is becoming stretched to the upside.

Higher targets in focus as probability favors weekly upside

Traders should watch for a close above the recent range to indicate whether buyers are following through after the initial move. The session began with a gap up from $244.14 to $257.86, but shares have partially retraced since. Even so, for the coming trading week the upside probability stands at 76% and the downside at 24%, with an expected range between $237.95 and $273.24. A drop below $253 would show the move is being faded, while a close above the recent range would signal acceptance. On the weekly chart, the longer-term picture stays firmly constructive.

Previously it was reported that First Solar faced short-term stabilization as shares attempted to overcome persistent technical resistance and weak momentum. The latest rally above key moving averages and in response to the Section 232 action now positions $253 as a near-term level to monitor, with a sustained close above recent highs needed to confirm bullish follow-through.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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