We are investigating First Solar, Inc. (FSLR) (“First Solar” or the “Company”) for potential violations of the federal securities laws.
On January 15, 2020, Barclays analyst Moses Sutton lowered his rating of First Solar stock from “Overweight” to “Underweight.” Specifically, Sutton stated his belief that First Solar’s Systems business “is in trouble” and that he expected First Solar’s “rapidly declining share” of the U.S. downstream project market to lead to a re-rating of the Company’s shares. On this news, First Solar’s stock price fell $4.03 per share, or 6.86%, to close at $54.75 per share on January 15, 2020.