Tag Archives: stock market
Sunpower: A Good Investment After Mega Run?
The stock market has been paying attention to SunPower (SPWR) in a big way. At the end of May the stock hit an annual high of 23.76, a gain of 125% from where it was just a month earlier. That price is quadruple levels it was trading at in the beginning of the year. Since [...]
Confimed Shrinkage: Solar Venture Capital Funding
The amount of venture capital (VC)—early-stage funding with higher risks, but high potential returns—going to solar companies continues to shrink, according to a new report from Mercom Capital Group. The report found that solar venture capital in the first quarter of 2013 fell to $126 million, almost a third of the $324 million in the [...]
Will Cleantech Stocks Recover?
Could the three-year slump in cleantech stocks be ending? It’s been a tough few years since the glory days of cleantech stocks came to an end – in the good ‘ole days of 2005-2007, companies piled onto the world’s public markets and were among the top performing stocks. Since then, share prices have crashed and [...]
John McIlveen Discusses Renewable Energy Investing
The Energy Report: In your last interview, your primary concern in making investment decisions was safety. I know you focus primarily on Canadian companies, but has all the “fiscal cliff” talk influenced your approach to renewable energy investments? John McIlveen: With the fiscal cliff, I could see how renewables might get pushed to the back [...]
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, [...]
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 [...]
SunPower Beats Earnings, Stock Not So Lucky
While any loss is still a loss, SunPower Corp.’s net loss in the second quarter 2012 was lower than its and analysts expectations. The company attributed the better-than-expected results to its increased solar leasing business and revenue recognition from projects that are coming online and/or under construction. Like the U.S.’s other large solar company, First [...]
SunPower Announces $325M in Residential Solar Projects from Citi and Credit Suisse
In a remarkably clear trend, SunPower (NASDAQ: SPWR) just announced $325 million in new commitments for residential solar lease projects from Citi and Credit Suisse. SunPower joins in the recent cash infusions from banks for firms such as SolarCity, SunRun, OneRoof, Clean Power Finance, and Borrego Solar totaling more than $600 million in what is [...]
Enphase Announces Impressive Q2 Results
Solar microinverter firm Enphase (Nasdaq:ENPH) announced strong second-quarter earnings in its second quarter as a public company this afternoon. In a bit of a shocker, just prior to its earnings call, Enphase announced the departure of its CFO Sanjeev Kumar. Like all abruptly departing CFOs, Kumar will be devoting more time to his family. Hopefully, [...]
The Philippines Passes Renewable Energy FiT
In a historic day for renewable energy in The Philippines, the country approved a feed-in tariff (FiT) that convers small hydro, biomass, wind, and solar. It postponed including ocean energy for further study. The government previously announced the FiT for geothermal separately, in what it calls a “geothermal crash program.” It raised the rates to provide incentives to [...]
SolarStrong: Alive and Kicking
Last year, SolarCity partnered with U.S. Renewables Group Renewable Finance and Bank of America Merrill Lynch in a $1 billion effort to solarize military housing across the U.S. It’s making progress and surging ahead with new projects at sites owned and managed by Lend Lease. On July 17 SolarCity announced that it is partnered with [...]
In Focus: The SolarCity IPO
The Initial Public Offering (IPO) of Facebook Inc. has been dominating the news, but I am more interested in another IPO that is developing. One of the largest solar installers in the country, SolarCity, has filed a confidential application to the SEC to create an IPO of its shares. This is an exciting development, and is [...]