The first solar IPO in about a year began trading this morning below the expected range of $11 – 13/share around $10/share. Certainly not a hugely successful IPO, but holding in there at a time when solar stocks are generally struggling.
STR Holdings (STRI) makes components called solar power module encapsulants that protect the circuits in the solar panel. The company is profitable and counts some big players as customers (First Solar, Sunpower, BP Solar). … Read the rest