Solar manufacturer GT Solar lands $500M in IPO
Coming in as the largest solar energy IPO since the debut of First Solar (FSLR) on the stock market, New Hampshire-based GT Solar (SOLR) priced its 30.3 million shares at $16.50 each this morning.
GT Solar makes equipment that’s used to manufacture silicon wafers for use in photovoltaic solar cells, as well the cells themselves. Like Applied Materials (AMAT), the company focuses on selling its fabrication technology to others rather than making cells itself.
The market has… Continue Reading
GT Solar files for $500M IPO
GT Solar, a maker of silicon-based solar cell manufacturing equipment and production lines, has files for an initial public offering on the NASDAQ stock exchange under the symbol SOLR.
The company, formerly called GT Equipment Technologies, plans to place 30.3 million shares on the market, about a quarter of its total equity, and anticipates a $15.50 to $17.50 range per share. At $16.50, that would result in gross proceeds of just under $500 million.
However, the proceeds… Continue Reading