Levi & Korsinsky notifies investors that it has commenced an investigation into First Solar, Inc. (NASDAQ: FSLR) concerning potential violations of the federal securities laws.
On October 10, 2024, Jefferies analysts pared their expectations for FirstSolar's upcoming third-quarter results, stating that "[g]oing into 3Q, we expect a slight miss with lower volume versus consensus" and that "[w]e also lower volume estimates for 2025/2026, which are 8%/4% below consensus and are below 2024 guidance." Jefferies said that it expected First Solar's focus this earnings season to be on potential delays, impact on module pricing from Antidumping and Countervailing Duties determinations, and thoughts on selling excess Indian capacity into the U.S. Following this news, First Solar's stock price fell over 9% on October 10, 2024.
If you suffered a loss on your First Solar, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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