Secondary Stock OfferingsBy The Online Investor Staff, updated Sat., Sep. 19, 8:25 AM
|This Slide: #4 of 25|
Slide #4. First Solar, Inc. — Secondary Offering
First Solar, Inc. (NASDAQ:FSLR)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or the "Company") today announced the commencement of an underwritten registered secondary offering of 8,649,074 shares, or approximately 8.2%, of the Company's outstanding common stock. All of the shares sold in the offering will be sold by Lukas T. Walton. The Company is not selling any shares and will not receive any proceeds from the sale of the shares being offered by Mr. Walton. Mr. Walton intends to use the proceeds from the sale of shares in the offering to provide funds for new impact investments across a variety of environmental and social causes. -updated 9/17- First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or the "Company") today announced the pricing of its previously announced registered secondary offering of 8,649,074 shares, or approximately 8.2%, of the Company's outstanding common stock at a price to the public of $69.00 per share.
First Solar is a provider of photovoltaic (PV) solar energy solutions. Co. designs, manufactures and sells PV solar modules with a thin film semiconductor technology, and also develops and sells PV solar power systems that mainly use the modules it manufactures. Co. also provides operations and maintenance (O&M) services to system owners. Co.'s modules segment involves the design, manufacture and sale of cadmium telluride solar modules, which convert sunlight into electricity. Co.'s second segment is its systems segment, through which it provides power plant solutions, which include project development, engineering, procurement, and construction services and O&M services.
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Buy (3.00 out of 4)
(ranked lower than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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