First Solar Faces Securities Class Action Over Tariff and Reshoring Statements

Overview

• Law firms announced federal securities complaints on Monday, June 29, 2026, alleging First Solar violated Sections 10(b) and 20(a) and Rule 10b-5 by making false or misleading public statements.
• The complaints say First Solar overstated its ability to move production from Malaysia and Vietnam to U.S. facilities and to blunt the financial effect of U.S. tariffs on its module business.
• Multiple plaintiff firms are seeking shareholders who bought FSLR between February 26, 2025 and February 24, 2026 and set an August 24, 2026 deadline for investors to contact counsel about joining the case.
• The litigation follows analyst downgrades and a weak fourth-quarter and full-year 2025 report that the filings say revealed the market losses investors later suffered when the company’s outlook weakened.
• Next steps include appointment of a lead plaintiff after the August deadline, potential discovery into company disclosures, and either a settlement or court rulings on liability and damages that will determine investor recovery.