First Solar, Inc. Class Action Lawsuit - FSLR
Case Summary
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The First Solar class action lawsuit seeks to represent purchasers or acquirers of First Solar, Inc. (NASDAQ: FSLR) securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”). Captioned Day v. First Solar, Inc., No. 26-cv-03787 (E.D.N.Y.), the First Solar class action lawsuit charge First Solar and certain of First Solar’s top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the First Solar class action lawsuit, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the First Solar class action lawsuit must be filed with the court no later than August 24, 2026.
CASE ALLEGATIONS: First Solar is a solar technology company that provides photovoltaic (PV) solar energy solutions.
The First Solar class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants had overstated First Solar’s capacity to manage the impact of U.S. tariff policy on First Solar’s business; and (ii) defendants understated the extent to which its responses to U.S. tariff policy, including the intentional underutilization of production facilities in Malaysia and Vietnam, and attempted relocation of production to the U.S., were likely to negatively impact First Solar’s projected performance in the 2026 fiscal year.
On January 7, 2026, Jefferies allegedly downgraded First Solar to Hold from Buy, noting that during 2025, First Solar had lowered guidance, faced significant de-bookings and experienced margin compression through 2025. The First Solar class action lawsuit further alleges that the Jefferies analyst predicted that First Solar’s deployment opportunities were likely to be more limited in 2026 and flagged that “[international] facilities remain a pain point while tariffs exist” and “underutilization at [international] facilities remains a concern.” On this news, the price of First Solar stock fell more than 10%, according to the complaint.
On February 24, 2026, First Solar reported financial results for the fourth quarter and year ended December 31, 2025, allegedly announcing earnings that missed expectations by a wide margin and issuing lower-than-expected 2026 revenue guidance, citing customer headwinds such as permitting delays under the Trump administration. On this news, the price of First Solar stock dropped more than 13%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired First Solar securities during the Class Period to seek appointment as lead plaintiff in the First Solar class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the First Solar class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the First Solar class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the First Solar class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.