STR Holdings (STRI) is down in pre-market trading today after announcing a proposed secondary offering of 6,500,000 shares of its common stock. The shares will be sold by certain stockholders. In connection with the proposed offering, the selling stockholders will grant to the underwriters an option to purchase up to 975,000 additional shares.
STR Holdings will not receive any proceeds from the proposed offering.Credit Suisse and Goldman, Sachs & Co. will act as joint book-running … Read the rest
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
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal