First Solar Faces Class Action Lawsuit, Stock Price Plummets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2026
0mins
Source: PRnewswire
First Solar Inc's stock price fell by 3.02% as it hit a 20-day low amid ongoing legal troubles.
The company is facing a class action lawsuit filed by Robbins LLP, alleging that First Solar misled investors about its financial prospects between February 26, 2025, and February 24, 2026. The lawsuit claims that the company failed to disclose significant underutilization of its production facilities in Malaysia and Vietnam, as well as the adverse effects of relocating production to the U.S., raising concerns about its future performance. Additionally, Jefferies downgraded First Solar from Buy to Hold on January 7, 2026, citing significant de-bookings and margin compression, which has further fueled investor uncertainty.
This legal action and the downgrade have contributed to a lack of confidence in First Solar's ability to meet its financial targets, leading to increased volatility in its stock price. Investors are advised to monitor the situation closely as the lawsuit progresses.
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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.
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