The complaint, filed by the law firm Bronstein, Gewirtz & Grossman, LLC, contends that First Solar executives overstated the company's capacity to manage the impact of shifting tariff regulations. According to the filing, the company failed to disclose that its strategic responses—specifically the intentional underutilization of production facilities in Malaysia and Vietnam alongside the attempted relocation of manufacturing to the United States—would likely harm fiscal 2026 performance.

Investors who purchased First Solar securities during the specified period have until August 24, 2026, to apply to the court to serve as lead plaintiff. While the case seeks to recover damages for alleged violations of federal securities laws, participation in any potential financial recovery does not require investors to take on the lead plaintiff role. The firm is managing the suit on a contingency fee basis, meaning legal costs and fees are contingent upon a successful recovery.