Monday, February 25, 2008

Solar IPO - Real Goods Solar

Spotted this cross my news reader recently:
Real Goods Solar Inc., which installs and services residential solar power systems, plans an initial public offering of its common stock, according to a Securities and Exchange Commission filing Thursday.

The Broomfield, Colo.-based company did not disclose the expected size or price range of the IPO but indicated the offering may total up to $57.5 million. Real Goods said the total offering price was estimated solely to calculate its registration fee and may change.

The company says it is the largest residential solar company in California, which it says represents two-thirds of the U.S. market for grid-connected solar energy systems. The company was founded in 1978 and has installed more than 2,400 residential and small commercial solar energy systems.

Real Goods plans to list its shares on the Nasdaq Global Market under the symbol "RSOL."
Check out the full release at CNN Money.

Get the low down on Real Goods Solar at their website. We'll keep an eye on this stock's IPO and consider adding it to the Maria Energia Portfolio.

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