Kaplan Fox Urges Investors of First Solar, Inc. (FSLR) with Significant Losses to Seek a Leadership Role Before August 24, 2026

Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against First Solar, Inc. ("First Solar" or the "Company") (NASDAQ: FSLR) on behalf of investors that purchased or otherwise acquired First Solar securities between February 26, 2025 and February 24, 2026 (the "Class Period").

On January 7, 2026, according to the complaint, "Jefferies 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." Following this news, the price of First Solar stock fell $27.67 per share, about 10.3%, to close at $241.11 per share on January 7, 2026. Then, on February 24, 2026, after markets closed, according to the complaint First Solar announced financial results for the fourth quarter and year ended December 31, 2025 "that missed expectations by a wide margin and issued lower-than expected FY 2026 revenue guidance, citing customer headwinds such as permitting delays under the Trump administration." Following this news, the price of First Solar stock fell $33.09 per share, about 13.6%, to close at $210.12 per share.

The complaint alleges, among other things, that throughout the Class Period, (i) Defendants overstated First Solar's capacity to manage the impact of U.S. tariff policy on the Company's business; (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; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.