This is a key development in the world of clean tech. This would be considered a large IPO by any company and is the largest by a clean energy specific company to date. Wallstreet is already taking notice. Shares have surged recently on news that French electricity giant EDF (Electricitie de France) purchased 3% of the company. (see link)
Hopefully now the street, and larger financial community can now have a concrete example of green energy not only being a good business, but one at the scale at which it likes to deal with. (Larger companies can hire top tier Investment Banks)
2 comments:
Thanks Edward. Now, if you could only have put this Blog entry up BEFORE the IPO, it would have been even better (read: for my IRA) :). I guess our generation should get used to the idea that we missed all the good IPOs anyway...
Well there was reliant energy a couple weeks ago. I heard about that beforehand, but couldn't buy stock because it was
1. oversubscribed
2. I am not Indian
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