First Solar, Inc. (NASDAQ: FSLR) Investor Investigation Over Possible Securities Laws Violations Announced

Investors who purchased shares of First Solar, Inc. (NASDAQ: FSLR), have certain options and should contact the Shareholders Foundation, Inc.

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Company Name(s): 
First Solar
Affected Securities: 

An investigation on behalf of investors of First Solar, Inc. (NASDAQ: FSLR) shares over potential securities laws violations by First Solar, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of First Solar, Inc. (NASDAQ: FSLR) concerning whether a series of statements by First Solar, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

First Solar, Inc. reported that its annual Total Revenue rose from over $2.9 billion in 2016 to over $2.94 billion in 2017 and that its Net Loss declined from $416.11 million in 2016 to $165.61 million in 2017.

Shares of First Solar, Inc. (NASDAQ: FSLR) grew to as high as $81.72 per share in April 2018.

On October 25, 2018, First Solar announced its financial and operating results for the third quarter of 2018. Among other results, First Solar announced that management had reduced revenue guidance for the full year by $200 million to a range of $2.3 billion to $2.4 billion and earnings guidance from $1.50 to $1.90 per share to a range of $1.40 to $1.60 per share, citing primarily a decline in solar panel sales versus the Company's previous expectations.

Shares of First Solar, Inc. (NASDAQ: FSLR) declined to as low as $36.51 per share.