Walmart Heir Sells a Significant Portion of Stock in First Solar (FSLR)

Posted by Tate Dwinnell | # |
07:47:58 am on August 21, 2008

According to Clusterstock.com, JCL Holdings sold 1.4 million shares of stock in First Solar during the month of August. JCL Holdings is affiliated with Walmart heir John T. Walton, one of the founding investors in First Solar. Should First Solar stockholders be worried? Probably not. JCL Holdings still has 10.7 million shares, while Walton himself controls 23 million shares.

First Solar’s stock has risen to 14x what is was when the company went public, so
it’s not really surprising that Walton would want to cash in on some of
the profit. As Clusterstock notes, "The Walton family may not need the money, but you can’t blame them for taking some off the table."

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