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SolarCity and NC Solar Strive to be Successful Cleantech IPOs

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  • SolarCity and NC Solar Strive to be Successful Cleantech IPOs

    The successes and failures of companies seeking to become public are as old as the stock market itself. The new cleantech industry has produced its own list of companies that have experienced varying levels of success on their offerings. A recent Reuters article points out that the list of actual IPS in cleantech is growing, while the list of successful cleantech IPOs is shrinking. SolarCity Corporation filed for an IPO last month, hoping to reverse this trend. SolarCity's business model is relatively straightforward. It builds solar panel systems for both residential and commercial customers. It sells the power from these systems back to the customers at lower than market rates. NC Solar, like SolarCity, has also recently filed for an initial public offering, but the companies are on vastly different planes. The company intends on installing solar panels on warehouse roofs, but unfortunately only has one client, Duke Energy. While it is too early to discern the future of both of these companies, December should be an exciting month for the cleantech industry. With SolarCity planning on going public this holiday season, and NC Solar attempting to follow in its footsteps, cleantech IPOs will stay on the radar screen of investors.

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  • #2
    In my opinion, anyone buying Solar City stock is a total fool! Their financial situation has been well explained in the press it would seem.

    This is just the money guys behind SC trying to capitalize on their investment before the entire thing tanks.
    [SIGPIC][/SIGPIC]

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    • #3
      First Solar (FSLR) has had it's trouble and is a bit up now but who knows how that will go.

      PowerOne actually seems "ok" in terms of balance Sheet and income statements with a P/E number of 6.21 and EPS of .67. (PWER) If 2013 is good year (economy and for the co.) this could be a 20%+ gainer.

      There is a lot of risk in this market and don't look to make a ton of money on Renewables until they are at grid-parity or better and included in builds of homes by Pulte, Ryan and others. It's still consider a "very niche" market. Grid parity will be good for installers - and not so good for manufaturers as they will need to produce a lot of product at very thin margins.
      PowerOne 3.6 x 2, 32 SolarWorld 255W mono

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