"First Solar has 630MW in the "right of first offer" or ROFO, which is the first call list of projects offered by the sponsor. This is only around 100MW more than SunPower, but what is perhaps more attractive, First Solar projects are larger, including 300MW and 250MW projects. I feel that commercial plants will offer larger cash transactions and impress the market more easily. I also like that all First Solar projects are in the US, and therefore have the ability to get the benefits of ITC. I suspect that 8Point3 will be selling equity fairly soon when those projects reach commercial operation dates. I am certain that selling more equity is not negative, but the hesitation about the stock price could hold back investors who want to avoid the rollercoaster ride seen in the early days of TerraForm's trading. So, it is imperative for both sponsors to produce equity sales along with the drop down news, creating instant CAFD lifts in the process"