First Solar, Inc. Class Action Lawsuit - FSLR

The filed complaint alleges that First Solar, Inc. made materially false and/or misleading statements and/or failed to disclose that: 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.

In order to be eligible to join the FSLR class action lawsuit, you must have incurred a loss on shares of First Solar, Inc. purchased during the class period listed above.