Tag Archives: tro

Trony Solar (TRO) Cancels IPO

Trony Solar (TRO) was supposed to begin trading on the NYSE today under the ticker symbol TRO, but the company scrapped the IPO due to weak demand for the offering and overall weak market conditions.  It has been postponed indefinitely and I’d be surprised if it launched by the end of the first half of next year.  If it didn’t get done in this market, where investor enthusiasm is ridiculously high and solars are emerging … Read the rest

Solar IPO STR Holdings (STRI) Begins Trading Below Expected Range

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