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Stock market in green surge

ipo

You know an industry’s getting hotter than global warming when you can hear the IPO bell ring. Today’s environmental IPO of choice is all about wind.

Forbes tells us:

“Xinjiang Goldwind Science and Technology Co plans a domestic initial public offering (IPO) on the Shenzhen stock market, according to a draft prospectus filed with the China Securities Regulatory Commission… Goldwind plans to use the proceeds to expand capacity, finance research and development as well as to develop wind farms.”

In other stock market rumblings, First Solar is being touted by some folk sort of environmental Google – all shiny rising share price and chubby cheeked potential. Schaeffers Research mulls the issue:

“The moves on these types of stocks can be extreme so you have to be prepared for that. To some that is unnerving, but to others, that is what they are looking for – the potential to move.
First Solar (FSLR) shows 7 “buys” of 11 ratings while Baidu.com (BIDU) shows 6 “buys” of 10 ratings. That doesn’t feel like the same level of overwhelming enthusiasm [as the internet bubble]. Of course, that doesn’t mean the stocks won’t be volatile so point one is definitely something to keep in mind.”

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