First Solar announces public Offering of common stock

Tempe, USA - First Solar announced the commencement of an underwritten public offering of 8,500,000 shares of its common stock.

In addition, First Solar will grant 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 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.

Source: IWR Online, 12 Jun 2013