Press Release Details

View all news

First Solar Prices Offering

August 10, 2007

PHOENIX, Aug 10, 2007 (PrimeNewswire via COMTEX News Network) --

First Solar, Inc. (Nasdaq:FSLR) announced today that it has priced an offering of 6,500,000 shares of its common stock at an offering price of $95.00 per share. The offering includes 4,000,000 primary shares offered by the Company and 2,500,000 secondary shares offered by certain stockholders of the Company.

A copy of the final prospectus for the offering can be obtained by writing or telephoning the prospectus department at Credit Suisse Securities (USA) LLC, 1 Madison Avenue, New York, NY 10010, Attention: Prospectus Department (phone: 1-800-221-1037), Goldman, Sachs & Co. Prospectus Department, 85 Broad Street, New York, N.Y., 10004 (phone: 1-866-471-2526, fax: 212-902-9316, email: prospectus-ny@ny.email.gs.com) or Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department (phone: 1-866-718-1649, email: prospectus@morganstanley.com).

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About First Solar

First Solar, Inc. (Nasdaq:FSLR) manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.

The First Solar, Inc. logo is available athttp://www.primenewswire.com/newsroom/prs/?pkgid=3052

For First Solar Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: First Solar, Inc.

First Solar, Inc.
         Jens Meyerhoff, Chief Financial Officer
         602-414-9300
         investor@firstsolar.com
         
         Sapphire Investor Relations, LLC
         Erica Mannion, Investor Relations
         212-766-1800
         investor@firstsolar.com

(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.

News Provided by COMTEX

Categories: Press Releases
View all news