First Solar fell about 8% as rising borrowing costs weighed on project financing; that makes funding future builds harder for the company.
First Solar's drop reflects investor fear that higher borrowing costs will make project financing harder and slow its builds. The article ties the share decline directly to rising financing costs, a clear negative for a company that relies on capital for projects. Oil and energy ETFs rose on the same day, but that favored fossil fuel names and did not ease lenders' concerns about financing solar projects.
Enphase fell around 4% as rising borrowing costs weighed on project financing, a development that can slow solar installations and equipment demand.
Oracle dropped 4.5% after issuing a force majeure notice for its New Mexico data center project, which raises questions about its AI infrastructure build pace.
GoDaddy jumped 3.5% after a reported preliminary all-cash takeover approach, which created immediate buying interest in its shares today.
Gen Digital shares fell about 8.2% on financing and dilution concerns tied to its preliminary takeover approach for GoDaddy.
Eli Lilly rose 3.5% after FDA approval for a once-weekly insulin and a licensing deal worth up to $3.35 billion, which supports its product and revenue outlook.
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