Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 8point3 Energy Partners Announces Pricing of IPO - Ink World Magazine

What are you searching for?

Sign in
Flexible Electronics News

8point3 Energy Partners Announces Pricing of IPO

New entity is a yieldco formed by First Solar and SunPower Corporation.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

8point3 Energy Partners LP, a limited partnership formed by First Solar, Inc. and SunPower Corporation to own and operate a portfolio of selected solar energy generation assets, announced that it has priced an initial public offering (IPO) of 20,000,000 Class A shares, representing limited partner interests in 8point3 Energy Partners at a price of $21 per share.

In addition, the underwriters have a 30-day option to purchase up to an additional 3,000,000 shares from 8point3 Energy Partners at the IPO price, less the underwriting discount. The shares of 8point3 Energy Partners will be listed on the NASDAQ Global Select Market under the symbol CAFD and begin trading on June 19, 2015.

8point3 Energy Partners intends to use all of the net proceeds of the IPO to purchase the common units of 8point3 Operating Company, LLC, the entity that holds 8point3 Energy Partners’ project assets.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters