STEVENSON, MD--(Marketwire - Mar 16, 2012) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Arizona on behalf of purchasers of First Solar Inc. ("First Solar" or the "Company") (NASDAQ: [ FSLR ]) securities during the period between April 30, 2008 and February 28, 2012, inclusive (the "Class Period").

If you have suffered a net loss for all transactions in First Solar Inc. securities during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at [ www.browerpiven.com ], by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than May 14, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period the full extent of certain manufacturing flaws on the Company's earnings and that the Company was improperly recognizing revenue concerning certain products in its systems business. According to the complaint, after, on February 29, 2012, the Company reported a decrease of $345 million in net sales for the quarter ending December 31, 2011 and a $164 million charge for warranty payments to replace equipment that caused premature power loss in certain panels, the value of First Solar shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.