Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of First Solar Inc (NASDAQ: FSLR) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if 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.
On October 25, 2018, the Company revealed its financial and operating results for the third quarter of 2018. First Solar Inc revealed 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, mainly due to a decline in solar panel sales versus the Company's previous expectations.
On this news, NASDAQ: FSLR fell $4.15 per share, or 9.52%, to close at $39.38 per share on October 26, 2018.
Based in Tempe, Arizona, and founded in 1999 First Solar Inc provides photovoltaic solar energy solutions in the United States and internationally.
If you purchased shares of First Solar Inc (NASDAQ: FSLR) on or before October 25, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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