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IPO Watch: September 2005 ArchivesQ Cells has set it's target IPO range at between 29 and 34 euros per share for its listing on October 5th. This is a bellweather IPO for German solar companies - the first large one since the inconclusive National Elections. The question is, can Germany's solar stock boom continue? Ersol Solar Energy's IPO suggests that it can. At the time of writing, the shares are 10 times over-subscribed. US based Clipper Windpower has just completed a successful IPO on London's AIM stockmarket, raising $135m. Clipper Windpower describes itself as a rapidly growing wind energy technology company which manufactures the 2.5 MW Liberty turbine and actively develops wind power generating projects in the Americas and Europe. It's actually quite unusual in the wind industry to manufacture the turbines and develop the wind farms for sale. But you have to respect the pedigree of the Chairman and CEO, Jim Dehlsen who launched Zond Wind Corporation in 1980. He has been in this business right from the start. London's Stock Exchange recently announced a Capital Markets Day for the Renewable Sector set for October 13th. Those companies in the sector - listed or planning to do so- will have the opportunity to meet a number of small-cap funds who want to know more about them. SunPower, a company owned by NYSE listed Cypress Semiconductor Corp is planning an IPO on the Nasdaq in Q4 2005. The filing provides for an offering of up to $100 million of common stock, plus an option granted to the underwriters to purchase up to an additional $15 million to cover over-allotments. And according to this article, there are quite a few other solar companies also interested in IPOs - QCells, ErSol Solar Energy AG and sources at wafer maker PV Crystalox Solar AG and component and systems maker Renewable Energy Corp AS (REC) all said they were considering listing in Europe. |

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