Friday, April 22, 2005

Cypress planning to IPO SunPower

It's not exactly venture investing news, but it's still interesting for cleantech investors. Given how fast the solar market has been growing and (as referenced here) how well things have apparently been going at SunPower, the company's parent Cypress Semiconductor is now looking to spin it out via an IPO.

This is going to bring even more attention to the solar investing market. It's also interesting to see the solar unit's financials, reported at $5M loss on $11M of revenues.


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