Tag Archives: ipo
VC’s Focus on Energy Efficiency Companies
Venture capital firms that focus on cleantech are looking for the next big area to invest in, and they seem to have settled on smart grid, energy storage and other efficiency technologies. “We are going through a repositioning of cleantech,” Wal van Lierop, founder of Chrysalix Energy Venture Capital, told Bloomberg. “The big sectors – [...]
SolarCity Goes Public
SolarCity (NASDAQ:SCTY) debuted on the public markets today. Earlier this week, it lowered the opening share price to $10 from the original $13-$15 range and trading so far has been at $10.49. The IPO has raised $92 million, much less than its original goal of $150 million. Read our background on the IPO and on SolarCity’s positioning and prospects: [...]
SolarCity Postpones IPO
After lowering its stock price to a reported $10 per share from a range of $13 to $15, IPO aspirant SolarCity was unable to fill its book and has postponed its IPO, according to Reuters quoting an underwriter of the deal. SolarCity has not returned requests for comment. SolarCity hoped to sell 10 million shares [...]
The SolarCity IPO: Bringing Back Confidence to Renewable Energy Investors?
SolarCity, a solar panel installation and finance company, is one of the more promising stories for alternative energy investors this year. SolarCity filed details of its initial public offering (IPO) on Tuesday, making it one of the few alternative energy company IPOs that investors are optimistic about. This article explains what type of business SolarCity is, [...]
SolarCity IPO: Before the End of 2012
There is a long list of withdrawn cleantech IPOs (BrightSource Energy, Elevance Renewable Sciences, Genomatica, Coskata, Fallbrook Technologies, Solyndra, and Smith Electric Vehicles). And while the list of actual cleantech IPOs (Tesla (TSLA), Enphase (ENPH), Kior, Gevo, Amyris, Codexis) is growing — the list of successful cleantech IPOs is not. SolarCity, the VC-funded and tax [...]
Will Suntech Power Go Bankrupt?
The travails of China’s top solar panel manufacturer do not seem to stop with its credibility being hit by a new problem each day. Suntech has made massive management blunders in the past for which it is paying heavily today. The company which is reeling under billions of dollars of debt has restructured its management [...]
Bloom Energy’s Valuation
Bloom Energy, the Silicon Valley fuel cell maker with an estimated $800 million in VC and backers like John Doerr, T.J. Rogers and Colin Powell, is on a short list of green technology startups voted most likely to IPO someday soon, though the company has remained consistently mum on the topic. But what’s the value [...]
Saving Bankrupt Cities With Solar
Municipalities and county and local agencies all over the U.S. are beginning to discover solar can generate revenues. The City of Lancaster is putting teachers in classrooms and cops on the streets with money generated by its investment in solar. For cities facing the strains of these tough economic times, the news is even better: [...]
Envision Solar Sees Middle East Potential
Envision Solar, which builds high-quality and architecturally stunning solar canopies, is expanding into the Middle East. The California company is partnering with Aconfort, a member of Al Habtoor Enterprises, to market its solar canopies in the United Arab Emirates, Qatar, Saudi Arabia and Spain. “I have lived and worked in the Middle East,” said Desmond [...]