The lawsuit alleges that First Solar management maintained a narrative of favorable trade conditions and manageable international facility risks throughout 2025, even as the company grappled with production cuts in Malaysia and Vietnam. The legal action contends these representations artificially inflated share prices, masking the true financial impact of underutilization and onshoring costs.
In section Releases
First Solar Investors Face August Deadline in Securities Class Action
Investors who purchased First Solar, Inc. securities between February 26, 2025, and February 24, 2026, have until August 24, 2026, to file for lead plaintiff status in a pending class action lawsuit. The litigation centers on claims that the company misled shareholders regarding tariff impacts and production stability.
Market confidence began to fracture on January 7, 2026, when Jefferies downgraded the stock from Buy to Hold, citing repeated guidance revisions and the loss of 6.6 gigawatts in bookings. Shares fell 10.29% following the announcement. The decline deepened on February 25, 2026, after Baird Research downgraded the company to Neutral in the wake of missed Q4 earnings expectations. The stock dropped an additional 13.61%, closing at $210.12. Attorney Joseph E. Levi claims these corrections represent the market finally absorbing the scope of issues that were allegedly omitted from earlier company disclosures.
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