FSLR INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into First Solar, Inc. and Encourages Investors to Contact the Firm

Business Wire 29-Oct-2024 4:00 PM

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of First Solar, Inc. ("First Solar" or "the Company") (NASDAQ:FSLR). Investors who purchased First Solar securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/FSLR.

Investigation Details

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 Jefferies' comments, First Solar's stock price fell $21.01 per share, or 9.29%, to close at $205.04 per share on October 10, 2024.

What's Next?

If you are aware of any facts relating to this investigation or purchased First Solar securities, you can assist this investigation by visiting the firm's site: bgandg.com/FSLR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

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