Remember Solyndra? The California-based designer and manufacturer of cylindrical rooftop solar PV systems registered with the Securities and Exchange Commission for an Initial Public Offering (IPO). Filing does not guarantee that an issue of common stock will be approved.
Just this year, the company was the first to receive a loan guarantee from the U.S. Department of Energy for $535 million. Opening a second production facility designed to increase the company’s manufacturing output by over 400%, Solyndra has expanded significantly in 2009. Filing for an IPO is an indication that even more capital is needed to meet current orders and projected demand.
For more information on the IPO, check out Solyndra’s press release here.
New blog post: Solyndra Files for Initial Public Offering http://www.getsolar.com/blog/solyndra-files-for-initial-public-offering/3003/