Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased First Solar, Inc. (“First Solar” or the “Company”) (NASDAQ: FSLR) securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”). First Solar investors have until August 24, 2026 to file a lead plaintiff motion.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN FIRST SOLAR, INC. (FSLR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On January 7, 2026, Jefferies downgraded First Solar from Buy to Hold, stating that during 2025, the Company had lowered guidance, faced significant de-bookings, and experienced margin compression. Additionally, Jefferies claimed that “[international] facilities remain a pain point while tariffs exist” and “underutilization at [international] facilities remains a concern.”

On this news, First Solar’s stock price fell $27.67, or 10.3%, to close at $241.11 per share on January 7, 2026, thereby injuring investors.

Then, on February 24, 2026, First Solar released its fourth quarter and full year 2025 financial results, revealing that earnings had significantly missed expectations. The Company also issued lower-than-expected revenue guidance for 2026 citing customer headwinds.

On this news, First Solar’s stock price fell $33.09, or 13.6%, to close at $210.12 per share on February 25, 2026, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Defendants had overstated First Solar’s capacity to manage the impact of U.S. tariff policy on the Company’s business; (2) 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; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased First Solar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com
Visit our website at: www.howardsmithlaw.com.

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