Green tech IPOs stronger in 2010 but no deal rush
Monday, 21 December 2009
NEW YORK, Dec 20 (Reuters): Green technology companies could see a little more investor interest in 2010 if rising oil prices encourage energy users to look for alternative sources of fuel.
In a sign of what might be on the horizon, California solar company Solyndra Inc filed for a $300 million IPO Friday. The company has long been viewed as a potential IPO candidate.
But don't expect a torrent of new green technology IPOs until a revolutionary new technology emerges, which could be years off, analysts said. Green energy was a small corner of the IPO market in 2009, and the deals had mixed results.
In a sign of what might be on the horizon, California solar company Solyndra Inc filed for a $300 million IPO Friday. The company has long been viewed as a potential IPO candidate.
But don't expect a torrent of new green technology IPOs until a revolutionary new technology emerges, which could be years off, analysts said. Green energy was a small corner of the IPO market in 2009, and the deals had mixed results.