The Year in Cleantech IPOs: Horrible!

There is no other way to say it. This year has been a terrible one for cleantech firms hoping to access the public markets to fund commercialization. Investors seem to be allergic to the very idea of owning stock in a cleantech firm. Cleantech Chemistry thinks that one might still squeak through before the end of the year – SolarCity just slashed its offering price and number of shares and may now raise $92 million in an upcoming IPO,...

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No IPO For Smith Electric Vehicles

As recently as yesterday, IPO-watchers were keeping an eye on Smith Electric Vehicles, which was expected to go public today. I recently wrote about the company’s plans. But last night the company pulled its SEC filing. “We received significant interest from potential investors, however, we were unable to complete a transaction at a valuation or size that would be in the best interests of our company and its existing...

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Smith Electric Vehicles Wants Investors, Cheaper Batteries
Sep07

Smith Electric Vehicles Wants Investors, Cheaper Batteries

There aren’t very many electric vehicle companies in the world. One of the few was founded way back in 1920. Which makes it older than most cleantech firms by at least eight decades. But like many hip, tech-driven, venture-backed start-ups, Smith Electric Vehicles is planning an IPO. Smith manufactures medium-duty delivery trucks – often called box trucks – used for delivering stuff. The trucks are much bigger than the kinds of...

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Cleantech Stocks Get Thumbs Up
Aug05

Cleantech Stocks Get Thumbs Up

Given the stock turmoil today and yesterday, recent earnings reports from IPO’d cleantech firms may be flying under the radar for most people. And to call them “earnings” reports is a bit generous, too; they are really “losses” reports, but that is to be expected for early-stage technology firms. Still, its worth noting what analysts are saying about companies like Amyris, Gevo, KiOR, and Solazyme and...

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Q&A With Solazyme

C&EN first wrote about leading algae firm Solazyme in 2009. At that time algae firms were gathering up venture capital funding and perfecting their technologies for growing the green slime. Many were targeting biofuels markets, but some firms had additional markets in mind. Solazyme’s algae live in large fermentation tanks and eat sugars, which are transformed into algal oil – a type of vegetable oil. The company went public in...

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What Does Groupon have to do with Cleantech?

Over at Earth2Tech, blogger Katie Fehrenbacher gives some reasons why the recent excitement powering Internet IPOs might be a boon for cleantech firms. As she points out, the venture capital game is about making money on an entire portfolio of investments, and if individual investors want to pay big for a piece of a coupon business, then VCs can cash out and cover their exposure to slow-to-grow renewables companies. In examining the...

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