First Solar faces class action lawsuit reminders amid ongoing investigations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2026
0mins
Source: PRnewswire
First Solar Inc (NASDAQ: FSLR) saw its stock rise by 5.00% as it crossed above the 5-day SMA, reflecting a positive market trend.
However, the company is currently facing multiple class action lawsuits related to allegations of securities fraud, with reminders being issued to investors who purchased shares between February 26, 2025, and February 24, 2026. These lawsuits claim that First Solar made materially false statements regarding its operational capacity under U.S. tariff policies, which could negatively impact the company's future financial performance.
The ongoing legal challenges may create uncertainty for investors, despite the recent stock price increase. As the market continues to react to these developments, First Solar's ability to navigate these lawsuits will be crucial for maintaining investor confidence.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FSLR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FSLR
Wall Street analysts forecast FSLR stock price to rise
23 Analyst Rating
18 Buy
4 Hold
1 Sell
Moderate Buy
Current: 233.060
Low
150.00
Averages
280.35
High
335.00
Current: 233.060
Low
150.00
Averages
280.35
High
335.00
About FSLR
First Solar, Inc. is a photovoltaic (PV) solar technology and manufacturing company. It is focused on enabling power generation needs with its advanced, thin film PV technology. The Company's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The Company's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 464 watts and 532 watts, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fiserv Discusses Sale of Payments Business with Major Banks
- Stock Surge: Fiserv shares rallied over 5% after The Wall Street Journal reported discussions with major banks like JPMorgan and Bank of America regarding the sale of its payments infrastructure business, potentially leading to strategic restructuring and enhanced market competitiveness.
- Acquisition Deal: Vertex Pharmaceuticals announced a $10 billion acquisition of Crinetics Pharmaceuticals to expand its product line in rare hormonal disease treatments, although Vertex shares dipped nearly 1%, this deal is expected to strengthen its market position.
- Stock Upgrade: First Solar's stock rose nearly 3% after Deutsche Bank upgraded its rating from neutral to buy, with analysts citing potential trade policy shifts as a reason for investors to buy the dip, boosting market confidence.
- EV Stock Decline: Rivian shares tumbled 9% despite revenue and delivery guidance exceeding market expectations, as the company announced a plan to sell 75 million new shares for a significant capital raise, negatively impacting investor sentiment.
See More
Deutsche Bank Upgrades First Solar Amid Trade Policy Shift
- Upgrade Recommendation: Deutsche Bank upgraded First Solar from hold to buy and raised its price target from $245 to $272, indicating nearly a 17% upside from Monday's close, reflecting strong confidence in the company's future performance.
- Market Opportunity Analysis: Analyst Corinne Blanchard noted that the recent sharp stock pullback creates a favorable entry point for investors, particularly ahead of a stronger second half, normalized 2027 business year, and upcoming clarifications on S232 policy.
- Import Policy Impact: The U.S. investigation into polysilicon imports could widen access, aiding First Solar's scaling efforts and potentially boosting its stock price, with a decision expected in August according to analysts.
- Market Consensus Support: Among the 42 analysts covering First Solar, 25 have rated the stock as buy or strong buy, indicating a widespread positive outlook that further bolsters investor confidence.
See More
Reminder for First Solar Investors on Class Action Deadline
- Lawsuit Background: Glancy Prongay Wolke & Rotter LLP reminds investors that the deadline to file a lead plaintiff motion in the class action against First Solar is August 24, 2026, concerning securities transactions from February 26, 2025, to February 24, 2026, allowing investors who suffered losses to seek lead plaintiff status.
- Stock Price Decline: On January 7, 2026, Jefferies downgraded First Solar from Buy to Hold, resulting in a stock price drop of $27.67, or 10.3%, closing at $241.11, reflecting the company's performance issues and underutilization of international facilities.
- Earnings Miss: On February 24, 2026, First Solar reported its fourth quarter and full year 2025 results, revealing earnings significantly missed expectations and issued lower revenue guidance for 2026, causing the stock to fall another $33.09, or 13.6%, to close at $210.12, exacerbating investor losses.
- False Statement Allegations: The class action lawsuit alleges that throughout the class period, the company made materially false and misleading statements, failing to disclose the adverse impacts of U.S. tariff policies on its business, which misled investors regarding the company's prospects and may expose it to legal liabilities.
See More
First Solar Price Target Raised to $320 Amid Polysilicon Investigation
- Price Target Increase: Wells Fargo raised First Solar's price target from $255 to $320, reflecting a nearly 36% upside potential if the U.S. eases restrictions on imported polysilicon, indicating strong market optimism regarding the company's future profitability.
- Analyst Rating Distribution: Among the 35 analysts covering First Solar, 21 have a ‘Buy’ rating, 12 a ‘Hold’, and 2 a ‘Sell’, suggesting a generally positive outlook for the company, especially in light of potential policy changes.
- Positive Market Reaction: First Solar shares climbed nearly 6% on Monday, driven by a bullish Wall Street note that anticipates significant market performance improvements if the U.S. government makes favorable decisions regarding tariffs on polysilicon.
- Profitability Challenges: Despite the overall optimism, Bernstein initiated coverage with an ‘Underperform’ rating, arguing that the company's profitability heavily relies on government tax credits, which could pose risks to its long-term growth amid potential policy shifts.
See More
First Solar Faces Class Action Lawsuit for Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against First Solar and certain officers, seeking damages for investors who purchased securities between February 26, 2025, and February 24, 2026, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that throughout the class period, defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects, potentially leading investors to misjudge the company's future performance.
- Impact of Tariff Policies: The lawsuit specifically claims that defendants overstated First Solar's ability to manage the impact of U.S. tariff policies and understated the negative effects of underutilizing production facilities in Malaysia and Vietnam on projected performance for fiscal year 2026, which could result in a decline in company performance.
- Investor Rights Protection: Investors have until August 24, 2026, to request to be appointed as lead plaintiff, with the law firm promising to represent investors on a contingency fee basis, ensuring that they do not incur additional costs in the litigation process.
See More
Market Update: Semiconductor and Airline Sector Outlook
- Semiconductor Market Recovery: Chip stocks are rebounding this morning after last week's severe sell-off, with Apple and Broadcom agreeing to an expanded partnership that is expected to drive long-term growth in the semiconductor sector.
- SK Hynix IPO Plans: South Korean memory giant SK Hynix is looking to raise $28 billion through a Nasdaq listing, which, while maintaining its primary listing in South Korea, will enhance its capital access and broaden its investor base.
- Acquisition Impact: Solstice Advanced Materials is acquiring Element Solutions for $14.5 billion, creating a specialty chemicals powerhouse focused on the semiconductor industry, which will enhance its competitive position and industry consolidation capabilities.
- Airline Sector Benefits from Oil Price Drop: With traffic through the Strait of Hormuz resuming and U.S.-Iran peace talks underway, oil prices are nearing pre-war levels, which could benefit airlines significantly and help combat inflation.
See More
Fiserv Discusses Sale of Payments Business with Major Banks
- Stock Surge: Fiserv shares rallied over 5% after The Wall Street Journal reported discussions with major banks like JPMorgan and Bank of America regarding the sale of its payments infrastructure business, potentially leading to strategic restructuring and enhanced market competitiveness.
- Acquisition Deal: Vertex Pharmaceuticals announced a $10 billion acquisition of Crinetics Pharmaceuticals to expand its product line in rare hormonal disease treatments, although Vertex shares dipped nearly 1%, this deal is expected to strengthen its market position.
- Stock Upgrade: First Solar's stock rose nearly 3% after Deutsche Bank upgraded its rating from neutral to buy, with analysts citing potential trade policy shifts as a reason for investors to buy the dip, boosting market confidence.
- EV Stock Decline: Rivian shares tumbled 9% despite revenue and delivery guidance exceeding market expectations, as the company announced a plan to sell 75 million new shares for a significant capital raise, negatively impacting investor sentiment.
See More
Deutsche Bank Upgrades First Solar Amid Trade Policy Shift
- Upgrade Recommendation: Deutsche Bank upgraded First Solar from hold to buy and raised its price target from $245 to $272, indicating nearly a 17% upside from Monday's close, reflecting strong confidence in the company's future performance.
- Market Opportunity Analysis: Analyst Corinne Blanchard noted that the recent sharp stock pullback creates a favorable entry point for investors, particularly ahead of a stronger second half, normalized 2027 business year, and upcoming clarifications on S232 policy.
- Import Policy Impact: The U.S. investigation into polysilicon imports could widen access, aiding First Solar's scaling efforts and potentially boosting its stock price, with a decision expected in August according to analysts.
- Market Consensus Support: Among the 42 analysts covering First Solar, 25 have rated the stock as buy or strong buy, indicating a widespread positive outlook that further bolsters investor confidence.
See More
Reminder for First Solar Investors on Class Action Deadline
- Lawsuit Background: Glancy Prongay Wolke & Rotter LLP reminds investors that the deadline to file a lead plaintiff motion in the class action against First Solar is August 24, 2026, concerning securities transactions from February 26, 2025, to February 24, 2026, allowing investors who suffered losses to seek lead plaintiff status.
- Stock Price Decline: On January 7, 2026, Jefferies downgraded First Solar from Buy to Hold, resulting in a stock price drop of $27.67, or 10.3%, closing at $241.11, reflecting the company's performance issues and underutilization of international facilities.
- Earnings Miss: On February 24, 2026, First Solar reported its fourth quarter and full year 2025 results, revealing earnings significantly missed expectations and issued lower revenue guidance for 2026, causing the stock to fall another $33.09, or 13.6%, to close at $210.12, exacerbating investor losses.
- False Statement Allegations: The class action lawsuit alleges that throughout the class period, the company made materially false and misleading statements, failing to disclose the adverse impacts of U.S. tariff policies on its business, which misled investors regarding the company's prospects and may expose it to legal liabilities.
See More
First Solar Price Target Raised to $320 Amid Polysilicon Investigation
- Price Target Increase: Wells Fargo raised First Solar's price target from $255 to $320, reflecting a nearly 36% upside potential if the U.S. eases restrictions on imported polysilicon, indicating strong market optimism regarding the company's future profitability.
- Analyst Rating Distribution: Among the 35 analysts covering First Solar, 21 have a ‘Buy’ rating, 12 a ‘Hold’, and 2 a ‘Sell’, suggesting a generally positive outlook for the company, especially in light of potential policy changes.
- Positive Market Reaction: First Solar shares climbed nearly 6% on Monday, driven by a bullish Wall Street note that anticipates significant market performance improvements if the U.S. government makes favorable decisions regarding tariffs on polysilicon.
- Profitability Challenges: Despite the overall optimism, Bernstein initiated coverage with an ‘Underperform’ rating, arguing that the company's profitability heavily relies on government tax credits, which could pose risks to its long-term growth amid potential policy shifts.
See More
First Solar Faces Class Action Lawsuit for Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against First Solar and certain officers, seeking damages for investors who purchased securities between February 26, 2025, and February 24, 2026, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that throughout the class period, defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and prospects, potentially leading investors to misjudge the company's future performance.
- Impact of Tariff Policies: The lawsuit specifically claims that defendants overstated First Solar's ability to manage the impact of U.S. tariff policies and understated the negative effects of underutilizing production facilities in Malaysia and Vietnam on projected performance for fiscal year 2026, which could result in a decline in company performance.
- Investor Rights Protection: Investors have until August 24, 2026, to request to be appointed as lead plaintiff, with the law firm promising to represent investors on a contingency fee basis, ensuring that they do not incur additional costs in the litigation process.
See More
Market Update: Semiconductor and Airline Sector Outlook
- Semiconductor Market Recovery: Chip stocks are rebounding this morning after last week's severe sell-off, with Apple and Broadcom agreeing to an expanded partnership that is expected to drive long-term growth in the semiconductor sector.
- SK Hynix IPO Plans: South Korean memory giant SK Hynix is looking to raise $28 billion through a Nasdaq listing, which, while maintaining its primary listing in South Korea, will enhance its capital access and broaden its investor base.
- Acquisition Impact: Solstice Advanced Materials is acquiring Element Solutions for $14.5 billion, creating a specialty chemicals powerhouse focused on the semiconductor industry, which will enhance its competitive position and industry consolidation capabilities.
- Airline Sector Benefits from Oil Price Drop: With traffic through the Strait of Hormuz resuming and U.S.-Iran peace talks underway, oil prices are nearing pre-war levels, which could benefit airlines significantly and help combat inflation.
See More
