Flexible Electronics News

First Solar Announces Pricing of Common Stock Offering

Announced pricing of of 8,500,000 shares of its stock at a price of $46 per share

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By: DAVID SAVASTANO

Editor, Ink World Magazine

First Solar, Inc. announced the pricing of an underwritten public offering of 8,500,000 shares of its common stock at a price of $46.00 per share. Closing of the offering was expected to occur on June 18, 2013, subject to customary closing conditions. In addition, First Solar has granted the underwriters a 30-day option to purchase up to 1,275,000 shares of common stock. First Solar intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitio...

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