Solar Power eyes US IPO to crowdfund green projects

Discussion in 'General Trading Discussion' started by Rainman, Nov 6, 2015.

  1. Rainman

    Rainman Senior Investor

    Jun 2014
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    Earlier in the year I saw an article that I thought this would interest those who think they can make some money off renewable energy:
    Solar Power Inc, a Shanghai-based operator of solar projects and a solar investment intermediary, plans to raise as much as $300 million in an initial public offering on Nasdaq of the United States as it expands an Internet platform to help crowdfund clean-power projects.

    The company wants to have a presence in capital markets, Chief Executive Officer Roger Ye said in an interview, without disclosing the timing of a possible IPO.

    The US capital markets offer the most stability, Ye said, adding that a listing on Nasdaq is necessary from a long-term perspective.
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

    Feb 2014
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    Anytime I see the words "Chinese", "renewable energy", and "IPO" in the same press release, I immediately see images of bubbles flying around, and start to think of future short selling opportunities.
  3. WaveWage

    WaveWage Well-Known Member

    Sep 2015
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    I must say that I agree with you, this time. It feels like something more speculative and not so long-term, and the usage of crowdfunding makes me even more cautious about it. How much money people will be ready to give for clean energy? In addition to pay it when it is sold and they will use it? Because they pay the project, and then they pay the electricity, feels a bit absurd in my opinion, because we know this company is either crazy or going to make profits. So asking "shareholders without dividend" doesn't look like a good idea for the long term.

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