First Solar Inc. (FSLR) raised $427.7 million in a secondary stock offering.
The company sold 9.75 million shares at $46 each, according to a statement today. That includes 1.25 million shares sold through the underwriters’ over-allotment option.
The company, based in Tempe, Arizona, will use the funds for general purposes that may include acquiring solar farms under development.
To contact the editor responsible for this story: Will Wade at firstname.lastname@example.org