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Posts Tagged ‘A123’

A123’s smash-hit IPO could herald more green debuts

Posted in Board Of Intellectual Capital, tagged , , , , , , , , , , , , , , , , , , on September 28, 2009| Leave a Comment »

I think that we last week saw a start of a new boom, A123 soured on the IPO, and many candidates are waiting in line. Here is piece on the issue from Reuters.

“SAN FRANCISCO, Sept 24 (Reuters) – A 50 percent leap in the shares of lithium-ion battery maker A123 Systems Inc (AONE.O) on their first day of trading looks likely to jumpstart the market for clean-tech share offerings.

The Watertown, Mass.-based A123 Systems is now worth over $1.9 billion, a striking valuation for a company that has yet to make a profit and still needs large-scale commercialization.

Industry executives and experts said A123’s success shows investors have an appetite for green technology companies that lose money, but have tremendous potential.

So the stock’s first day jump, which is the second-best performance for a debut stock in 2009, should encourage more venture capital-backed clean technology companies to go public, they added.

“This is an interesting time for the market because there are several (clean-tech) companies that have been growing very nicely,” said Faysal Sohail, managing director of venture fund CMEA Capital, which is an investor in A123.

Sohail declined to comment specifically on A123, but said the whole environment is creating opportunities for clean-tech companies and expects 2010 to be a busy year for green IPOs.

“They are real companies with substantial revenue and growing at a very fast clip,” he said.

CMEA Capital also backs companies such as Silicon Valley solar manufacturer Solyndra and biofuel company Codexis, which many see as likely candidates for the IPO market.

Other green companies deemed ripe for an IPO include smart grid network company Silver Spring Networks, electric carmaker Tesla Motors and solar thermal company BrightSource Energy.”

Read the full article here.

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CleanTech IPO candidates – Tesla, Silver Spring Networks, and possibly Solyndra will go public by the first quarter of next year!

Posted in Board Of Intellectual Capital, Business models, Intellectual capital, Investments, Market research, Strategy, Venture Capital, tagged , , , , , , , , , , , , , , on May 25, 2009| Leave a Comment »

Here is some optimistic news on the economic crisis blues – Steve Westly goes out on a limb and predicts some IPO´s on the CleanTech sector horizon.

The story is by way of Reuters.

“Initial public offerings as of late have been about as common as celebratory banquets for Wall Street bankers. Last week, however, after some nine months of an IPO drought, two venture-backed startups, software maker SolarWinds and online restaurant reservation system OpenTable, broke the mold and went public. Neither was a cleantech firm, but the news was a positive sign for cleantech investor Steve Westly, managing partner of Menlo Park, Calif.-based venture firm The Westly Group. Westly tells us he sees a changing appetite for companies going public, and he predicts that venture-backed cleantech IPOs will happen by early 2010.

“I’ll go out on a limb -– Tesla, Silver Spring Networks, and possibly Solyndra will go public by the first quarter of next year,” he said in an interview. “I say this because all three of these companies in 2008 did between $10 million and $15 million in revenue, and in 2009 they will do over $150 million. When a company has 10x growth, that is a company you can take public.” The Westly Group has invested about $50 million into cleantech startups, including some $5 million in electric car maker Tesla. It has not backed smart grid startup Silver Spring Networks nor thin-film solar manufacturer Solyndra.”

The article concludes:

“Stephen Simko, solar analyst for Morningstar, still thinks it will be difficult for a solar company to IPO in this market. Solar panel supply far outstrips demand today, and financing for projects is difficult to access. “If lending thaws and the U.S. solar market starts to rise that will lead to the conditions necessary for companies to improve profit and that might lead to IPOs,” he said. “But only the best of breed will be considered.” Solyndra declined to comment for this article.

Of course, it might not be any of these three startups that make headlines as the first cleantech IPO after the drought. First Wind, a wind energy developer, and lithium-ion battery maker A123 Systems both filed for IPOs in late 2008. While the filings don’t necessarily mean they will go public, it at least means executives at the firms have their eyes on that prize.”

Read the full article here.

Others covering this story includes: Earth2Teach and Business Insider.

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