What Does First Solar Have Up Its Sleeve?

By Travis Hoium – Jun 18, 2013 at 7:30PM

NASDAQ: FSLR

First Solar

Market Cap

$19B

Today's Change

(0.43%) $0.75

Current Price

$175.04

Price as of April 19, 2024, 4:00 p.m. ET

Is First Solar going to use this money to build up new technology?

First Solar (FSLR 0.43%) recently announced a $450 million share offering, a strange move for a company with a strong balance sheet. It will use some of this money to build giant projects in the southwestern U.S., but some will likely be used to build production of its new, high-efficiency technology.

Fool contributor Travis Hoium manages an account that owns shares of SunPower and personally owns shares and has the following options: Long Jan 2015 $7 Calls on SunPower, Long Jan 2015 $5 Calls on SunPower, Long Jan 2015 $15 Calls on SunPower, and Long Jan 2015 $25 Calls on SunPower. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.