GT Solar (SOLR) IPO Begins Trading

Posted by Tate Dwinnell | # |
05:59:03 pm on July 24, 2008

GT Solar (SOLR) may be great at getting solar manufacturers up and running but in terms of IPO timing it fails miserably.  The stock debuted today and did price in the middle of the expected range at  $16, raising $500 million, but did so at a time when solar stocks have been getting crushed.  The stock closed down more than 10% to $14.45.

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