First Solar legal overhang grows, shares face cautious analyst split

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 12:16.

First Solar (US3364331070) sits in focus this weekend as new securities class action reminders surface in the United States while the NASDAQ-listed solar stock trades below recent peaks. The latest alerts come from shareholder-rights firms following earlier earnings guidance disappointments and ensuing share-price weakness.Robbins LLP class action reminder

Fresh class action reminders

Robbins LLP reported on June 26, 2026 that a securities class action was filed on behalf of investors who bought First Solar securities between February 26, 2025 and February 24, 2026, citing alleged misstatements and omissions around that period.Robbins LLP class action reminder The Robbins note highlights that the complaint followed First Solar's disclosure of weaker-than-expected fourth-quarter 2025 results and guidance earlier this year.Intellectia summary of Q4 miss and guidance

Additional law firms, including Bronstein, Gewirtz & Grossman and the Schall Law Firm, have also announced or promoted similar actions tied to the same class period, reinforcing the legal overhang for the solar technology group.Bronstein class action announcementSchall Law Firm investor notice The Schall Law Firm reminds investors of a deadline on August 24, 2026 to seek lead-plaintiff status in the case, underscoring that the allegations target potential violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.Schall Law Firm investor notice

Analyst views stay divided

Alongside the legal headlines, analyst sentiment on First Solar remains mixed, with several large houses holding differing views on the stock at current levels. According to recent coverage detailed by Investing.com, UBS lifted its price target to 330 dollars with a Buy rating, citing potential positive catalysts from an upcoming Section 232 solar tariff determination and the company's domestic manufacturing footprint.Investing.com roundup of First Solar analyst calls Argus also raised its target to 275 dollars, highlighting First Solar's positioning in U.S. solar manufacturing amid trade frictions.Investing.com roundup of First Solar analyst calls

In contrast, Bernstein SocGen reiterated an Underperform rating with a 217 dollar price target, explicitly flagging tariff uncertainty and the firm's reliance on cadmium telluride panels with lower efficiency than conventional silicon cells.Investing.com roundup of First Solar analyst calls GLJ Research upgraded its stance to Buy from Hold and lifted its target to 315 dollars after previously downgrading the shares over concerns about backlog exhaustion and solar tariff policy, signaling renewed confidence in First Solar's order book and policy backdrop.Investing.com roundup of First Solar analyst calls

The business behind the stock

First Solar develops and manufactures thin-film photovoltaic modules based on cadmium telluride technology for utility-scale solar power plants. The company sells these modules to independent power producers and utilities, and complements hardware sales with engineering, procurement and construction services as well as operations and maintenance for large solar installations.First Solar technology overview

Where the stock trades today

The First Solar shares (US3364331070) last closed on June 26, 2026 on NASDAQ at 242.89 dollars after a decline of around 2.1 percent in that session.MarketScreener price snapshot for First Solar

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. All data are based on sources cited in the text and may be subject to revision.