Class action lawsuit filed against First Solar over alleged misleading statements on tariff impacts.

A class action lawsuit has been filed against First Solar, alleging the company misled investors about its ability to handle U.S. tariff impacts and the negative effects on its 2026 performance. The suit claims First Solar overstated its capacity to manage tariffs, understated production issues in Malaysia and Vietnam, and made false public statements. The truth surfaced after a Jefferies downgrade in January 2026, causing a 10.29% stock price drop. Investors have until August 24, 2026, to join the lawsuit as lead plaintiffs.