We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
First Solar Inc | NASDAQ:FSLR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.52 | 1.42% | 180.10 | 180.00 | 180.50 | 181.40 | 172.09 | 178.54 | 3,452,562 | 00:52:28 |
By Lisa Beilfuss
First Solar Inc. and SunPower Corp. said Tuesday that their joint venture 8point3 Energy Partners LP has filed for an initial public offering.
8point3, formed last month by the two solar companies to own and operate a portfolio of solar generation assets, will list its shares on the Nasdaq. The number of shares to be listed hasn't yet been determined.
First Solar, based in Tempe, Ariz., designs, manufactures and distributes solar power systems and modules. San Jose-based SunPower similarly designs and manufactures solar electric systems that it distributes to residential and commercial customers.
The two companies unveiled the formation of 8point3, known as a yieldco, in late February, at which point they said they expected to register for an IPO by the end of this month. According to the filing, the name 8point3 is derived from the average amount of time it takes light from the sun to reach the earth, which is 8.3 minutes.
Yieldcos, considered an alternative to master limited partnerships and real-estate investment trusts, are particularly attractive as a financing mechanism in the renewable space on account of uncertainty during a project's development stage. They allow companies to raise low-cost capital, maintain long-term contracts and pay dividends to shareholders.
Last July, SunEdison raised more than $500 million in its initial public offering of its yieldco TerraForm.
Shares of both First Solar and SunPower traded slightly lower in morning trading but have notched double-digit gains since announcing the formation of 8point3.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Access Investor Kit for Total SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000120271
Access Investor Kit for First Solar, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US3364331070
Access Investor Kit for SunPower Corp.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US8676524064
Access Investor Kit for Total SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US89151E1091
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year First Solar Chart |
1 Month First Solar Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions