The long-anticipated IPO of SunPower happened today, and it shot up more than 40% in one day
This will undoubtedly bring even more mainstream VC attention to the clean energy market in general, and solar energy in particular. After all, SunPower, with annualized revenues of around $65M, now carries a market cap of $1.5B -- even if that valuation goes down over time as the euphoria wears off, that kind of "pop" will get any investor's attention.
SunPower is certainly a great example of the business opportunity presented by the rapidly-growing solar market. According to Solar Buzz
, for instance, solar installations grew 62% from 2003 to 2004, and by all reports the industry has...