Still Unhappy Times for Solar IPOs

Moresco, Justin
February 2008
Red Herring;2/14/2008, p1
Trade Publication
The article reports on the decision of solar companies Nitol Solar and Evergreen Solar to withdraw their plans for initial public offerings (IPO) in spite of a strong earnings report from First Solar. Russian company Nitol Solar pulled its planned listing on the London Stock Exchange due to unfavorable market conditions. New Energy Finance analyst Nathaniel Bullard said it is a bad climate for solar IPO with many solar stocks still trading below their 52-week highs. SunPower's shares traded at $80.67 per share.


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