Is 2010 the Year of the Green IPOs?
February 8th, 2010 / 0 Comments
Now that the Dow is hovering around 10,000 again, private green companies are coming out of the woodwork and filing for IPOs. Here is a sample of some of the better known companies in the media:
Anticipated Green IPOs for 2010
Two instantly recognizable names (for those who follow the green industry) are Solyndra and Tesla. Solyndra was offered a $535 M loan guarantee from the Department of Energy back in March of 2009 as a show of confidence. Tesla Motors, of course, is the auto manufacturer famous for its fully electric Roadster vehicles that are seen as somewhat of an icon. As you can see from the chart, both companies are stuck in the red as far as profit and loss and it remains to be seen whether they can manufacture products with positive gross margins. For now, the promise and credibility of their technology will be the determining factors as to how successful the shelf offerings will be.
Jinko Solar Holdings is expected to debut on the NYSE in 2 days and it will be interesting to see how the reception will be now that the broader market (Dow, S&P, NASDAQ) is in a correction phase. It is interesting to note that A123 Systems (one of the more prominent green IPOs in 2009) shot out of the gate but since has receded significantly from its peak. Jinko, therefore, will be somewhat of a barometer for how investors currently view cleantech stocks.
Posted by Fan Ding in Uncategorized
