Friday, November 5, 2010

ABOUND SOLAR

I have written about this company 6 times over the last 3 years and each time I've thought they were near an IPO. Today I heard the first hint of news indicating the possibility for this fledgling solar cell company from Fort Collins, Colorado. The CEO of  Abound Solar - Tom Tiller - was quoted in this article indicating an IPO as something that might happen in the near future.  Perhaps I need to do a little source checking here as he is either misquoted or really does sound like a business-robot.

He said...

"We hit the knowledge to acquire this consort and create continuance in this process. If things go substantially and business markets are cooperative, as we intend toward the latter conception of incoming year, we strength study an IPO"

If I can translate to English, I think he is saying that  the technology they have developed has finally proven cost effective enough to warrant further expansion and possibly a public offering of  stock.  I'm not sure what language he is speaking in the last sentence but it seems positive.


The take home message?  Keep your eye out for this company going public soon.  Why?

Look at their biggest rival First Solar. This is what it did within the first year after going public.

$25 to over $300 a share in just over a year.
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