Solar IPOs, Yieldcos Shelved Amid Stocks ‘U-Turn’

By | November 6, 2015

Scalper1 News

Solar stocks’ three-month “U-turn” on Wall Street stymied IPO action in Q3 and shows overall deceleration for fiscal 2015, according to a Mercom Capital report. On its face, the fact that five solar companies filed IPOs in 2015 — besting 2014 levels — looks promising, Mercom Capital CEO Raj Prabhu told IBD. But a look behind the scenes tells a different story. At least 10 solar firms have quietly staved off plans for their own IPOs, waiting out Scalper1 News

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