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