On or around 01/10/2022 (Date of last review)
Filing Date: January 07, 2022
According to the Complaint, First Solar Inc. is a manufacturer of solar panels and powerplants, which it installs at project development sites or sells to third parties.
The Complaint alleges that, throughout the Class Period, Defendants made repeated misrepresentations to investors regarding the development of its newest “Series 6” solar module, the cost per unit it could achieve with that module, and the impact the changeover to this new product would have on the viability of its other business segments. As a result of Defendants’ alleged misrepresentations, First Solar common stock traded at artificially inflated prices during the Class Period.
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