First Solar takes over OptiSolar’s PV line in $400 million transaction

First Solar has confirmed that it will keep on the OptiSolar core development team that designed and executed the PV project pipeline. The ailing thin-film module company had shed more than 600 jobs in the past few months from the McClellan Park facility in Sacramento and from the company's Hayward HQ/panel plant.
As a result of recent appreciation in the price of the company’s common stock shares, First Solar is planning to issue approximately 3 million shares of common stock at a 3.5% dilution instead of the expected 5% dilution.
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