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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