Law Firms File Class Action Suits Against First Solar

A series of securities fraud class action lawsuits have been filed against First Solar, Inc. and several of its top officials, alleging the company misled investors about its ability to manage U.S. tariff policies. The litigation, initiated by multiple firms including Pomerantz LLP, Levi & Korsinsky, LLP, and the Rosen Law Firm, focuses on shareholders who acquired securities between February 26, 2025, and February 24, 2026.

The complaints allege that First Solar overstated its capacity to mitigate tariffs on imports from Malaysia and Vietnam. The lawsuits claim the company understated the negative performance impacts of its responses, which included the intentional underutilization of international production facilities and failed or costly attempts to relocate production to the United States.

These allegations follow significant stock volatility in early 2026. Shares dropped 10.3% on January 7 after a Jefferies downgrade and fell another 13.6% on February 25 following a quarterly earnings report that missed expectations and lowered 2026 revenue guidance. First Solar attributed these headwinds to permitting delays under the administration of President Donald Trump, who implemented reciprocal tariffs on Malaysia and Vietnam on April 2, 2025.

Investors seeking to serve as lead plaintiff in these actions must move the court by August 24, 2026. Recent financial data shows First Solar reported quarterly revenue of $1.04 billion, though the company has seen significant insider selling, including over $8 million in stock over a three-month period.