Anonymous ID: 888efc Sept. 21, 2020, 3:01 p.m. No.10735892   🗄️.is 🔗kun   >>6099 >>6207

'''First Solar sold by Lukas Walton*: $592.46m-Sept 21

 

First Solar Announces Secondary Offering of Common Stock-Sept 16th

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. In addition to the shares to be sold in the offering, Mr. Walton intends to donate up to 8,649,074 additional shares over time to various charitable organizations focused on urgent issues facing society and the environment, including relief efforts related to the COVID-19 pandemic. Upon completion of both the sale and intended donation of shares, Mr. Walton will directly hold approximately 4.9% of the Company’s outstanding common stock. Mr. Walton’s father, John T. Walton, was an early backer and investor in First Solar, playing a pivotal role in enabling its efforts to commercially scale its thin film photovoltaic (“PV”) solar module technology and eventually become America’s largest solar module manufacturer.

https://www.globenewswire.com/news-release/2020/09/16/2094830/0/en/First-Solar-Announces-Secondary-Offering-of-Common-Stock.html

*Grandson of Wal-Mart founder Sam Walton

First Solar, Inc. is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures. It operates through two segments: components and systems. The components segment is engaged in the design, manufacture and sale of cadmium telluride (CdTe) solar modules, which convert sunlight into electricity. The systems segment includes the development, construction, operation and maintenance of PV solar power systems, which primarily use its solar modules. In addition, the Company provides operations and maintenance (O&M) services to system owners that use solar modules manufactured by it or by third-party manufacturers. The Company's solar modules had an average rated power per module of approximately 114 watts, as of December 31, 2016. Number of employees : 6 600 people.

https://www.marketscreener.com/quote/stock/FIRST-SOLAR-INC-37008/company/

 

Lukas Walton inherited a third of his father's estimated $17 billion estate. According to Forbes, Lukas's fortune now totals $15.9 billion. John Walton died in an ultralight crash in 2005