Faruqi & Faruqi says First Solar investors face Aug. 24 lead plaintiff deadline
The law firm says the case concerns First Solar statements about tariffs, factory use and 2026 guidance, and it names Jan. 7 and Feb. 24 price drops as key points in the alleged losses.
Faruqi & Faruqi says First Solar investors may face an Aug. 24 lead-plaintiff deadline in a federal securities class action tied to tariff-related disclosures.
Faruqi & Faruqi, LLP said on Aug. 15 that it is investigating potential claims against First Solar, Inc. and reminded investors of an Aug. 24, 2026, deadline to seek lead plaintiff status in a federal securities class action.
The notice says the case concerns investors who bought or acquired First Solar securities between Feb. 26, 2025, and Feb. 24, 2026, and who suffered losses. It says the lawsuit alleges First Solar and certain executives violated federal securities laws by overstating the company’s ability to manage U.S. tariff policy and understating the impact of responses such as underusing facilities in Malaysia and Vietnam and shifting production to the U.S.
The filing also says the challenged statements were materially false and misleading. According to the notice, investors who believe they were harmed may ask a court to appoint them as lead plaintiff, a role that directs the case for the class.
The notice says the alleged truth began to emerge on Jan. 7, 2026, when Jefferies downgraded First Solar to Hold from Buy. Faruqi & Faruqi said Jefferies cited lowered guidance, significant de-bookings, margin compression and concerns about international facilities and deployment opportunities. The notice says First Solar shares fell $27.67, or 10.29%, to $241.11 that day.
The article also points to Feb. 24, 2026, when First Solar announced fourth-quarter and full-year 2025 results. The notice says the company reported earnings that missed expectations and gave fiscal 2026 revenue guidance below forecasts, citing customer headwinds such as permitting delays under the Trump administration. It says Baird Research then downgraded the stock to Neutral from Outperform, citing “several question marks in forward outlook.”
Faruqi & Faruqi says the stock fell $33.09, or 13.61%, to $210.12 on Feb. 25, 2026, after that earnings update.
The notice includes standard class-action language saying the lead plaintiff is the investor with the largest financial interest who is adequate and typical of the class. It also gives the name of James (Josh) Wilson, identified as a securities litigation partner at the firm, along with phone numbers and a website for investors seeking more information.
Faruqi & Faruqi says eligible investors may move for lead plaintiff appointment before the Aug. 24 deadline. The notice is dated Aug. 15, 2026.
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