Levi & Korsinsky says First Solar investors face securities class action
Levi & Korsinsky says a securities class action has been filed against First Solar for shareholders who bought stock between Feb. 26, 2025 and Feb. 24, 2026.
Levi & Korsinsky says a securities class action has been filed against First Solar for shareholders who bought stock between Feb. 26, 2025 and Feb. 24, 2026.
Levi & Korsinsky, LLP said in an Aug. 19, 2026 notice that a securities class action has been filed against First Solar, Inc. The notice says investors who bought the company’s stock during the stated period may seek to serve as lead plaintiff, with an Aug. 24, 2026, deadline for that role.
The notice links the claims to declines in First Solar shares after analyst downgrades and earnings-related disclosures. It says those moves hurt shareholders who bought during the class period.
According to the notice, Jefferies downgraded First Solar from Buy to Hold on Jan. 7, 2026. It says the stock fell $27.67, or 10.29%, to $241.11 that day.
The notice also says Baird Research downgraded the stock from Outperform to Neutral after First Solar reported fourth-quarter and full-year 2025 results and gave lower-than-expected fiscal 2026 revenue guidance. It says shares fell $33.09, or 13.61%, to $210.12 on Feb. 25, 2026.
Levi & Korsinsky says the combined decline during the class period was $60.76 per share and says First Solar had 107 million outstanding shares. The notice also says analysts had built models around company representations that U.S. tariff policy would stay favorable over the long term.
The notice further says the company reduced production in Malaysia and Vietnam and lost 6.6 gigawatts of bookings from BP affiliate defaults. Those claims are presented in the notice as part of the alleged mismatch between company statements and later disclosures.
Joseph E. Levi, Esq., is identified in the notice as a contact for investors. The notice says the firm has secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years and has more than 70 employees.
First Solar was not quoted in the PR Newswire notice, and the brief provided does not include a company response. The filing status described in the notice means the claims remain allegations unless and until the court resolves them.
Investors who believe they are eligible may act before the Aug. 24, 2026, lead-plaintiff deadline cited in the notice.
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