Why Shares of First Solar Slipped by Double Digits in October

Shares of top U.S. solar-panel manufacturer First Solar (NASDAQ: FSLR) fell by 10.7% in October, according to data provided by S&P Global Market Intelligence. This continues a downtrend for the company that began in September, when an unexplained energy stock sell-off knocked down its shares by about 7%. 

Even with the stock's recent underperformance, though, shares are still up 23% year to date. 

First Solar is a top provider of solar panels for U.S. installations. Image source: Getty Images.

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Source Fool.com