Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

First Solar Announces Public Offering Of 8.5 Mln. Common Shares

RELATED NEWS
Trade FSLR now with 

First Solar Inc. (FSLR: Quote) on Tuesday announced the commencement of an underwritten public offering of 8.5 million shares of its common stock. In addition, First Solar will grant the underwriters a 30-day option to purchase up to 1.275 million shares of common stock.

First Solar intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions of under development photovoltaic solar power system projects, investments in photovoltaic solar power system projects that will be jointly developed with strategic partners and capital expenditures or strategic investments to develop certain business units and expand in new geographies.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Credit Suisse, HSBC, Credit Agricole CIB and Goldman, Sachs & Co. are also acting as book-running managers.

Click here to receive FREE breaking news email alerts for First Solar, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
South African blade-runner Oscar Pistorius has been sentenced to five years in prison over the killing of his girlfriend and model Reeva Steenkamp. Judge Thokozile Masipa, who found Pistorius guilty of culpable homicide last month, delivered the verdict at the High Court in Pretoria Tuesday. Separately, the 27-year-old Paralympian has also been handed a three-year suspended sentence for a firear The Chinese economy logged its weakest expansion since early 2009 in the third quarter as slowdown in investment, particularly in the property sector, continued to drag the recovery. Gross domestic product grew 7.3 percent in the third quarter from a year ago, slower than the 7.5 percent expansion seen a quarter ago, the National Bureau of Statistics reported Tuesday. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.