Friday, September 02, 2005

Ethanol, and solar IPOs

  • First of all, if you haven't read today's PE Week Wire, do so. Amen, Dan.
  • Q-Cells, a German solar PV manufacturer and a partner of US PV manufacturer Evergreen, is reportedly considering an IPO -- part of a broader trend of solar manufacturers looking to take advantage of the industry's recent strong growth and even stronger investor interest.
  • New Energy Capital, backed by Vantage Point and CalSTRS, announced the close of funding for the Iroquois Bio-Energy Company, an Indiana ethanol plant. The total project is $70M to build a 40m gpy capacity, and is being managed by New Energy Capital. A pdf of the press release is here.
  • Again, you can donate to the relief efforts here.

1 Comments:

Anonymous Kevin said...

From a strict economic viewpoint, these IPOs may turn out overpriced due to people investing from wanting it to work (which I do too) rather than an economically balanced evaluation of whether or not it will.
The same way that the point spread in betting consistently overrates Notre Dame because so many bet for the team from sentiment.
I would love to be convinced otherwise.

9:16 PM  

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