Please find the attached May 2008 issue of the Thomas Weisel Alternative Energy / Cleantech Mailer. In summary:
The public market for alternative energy / cleantech stocks has continued to lag in the first part of 2008
- Globally, 17 deals have priced in 2008, raising only $1,389 million (8 IPOs, 6 FOs, and 3 Converts), compared to 29 deals raising $7,476 million in the first 4 months of 2007 (13 IPOs, 20 FOs, and 10 Converts
- The backlog also remains light, as only five deals in the backlog have filed since the start of 2008
- Globally, 134 private placements were completed raising $2,291 million in the first 4 months of 2008, compared to 105 private placements raising $1,937 million in the first 4 months of 2007 lobally, 89 private placements were completed raising $1,436 million, compared to 86 private placements raising $1,709 million in the first 3 months of 2007
- Three companies raised over $100 million in April Ð eSolar, Noble Environmental Power and Stirling Energy Systems
- Since the beginning of the year, the WilderHill Clean Energy and Nasdaq Clean Edge indices are off 23.3% and 22.6%, respectively, as compared to the Nasdaq (down 6.4%) and the S&P; 500 (down 3.4%)
- Many subsectors have rebounded over the last 3 months, with most outperforming or in line with the broader market
Click here to download
[ return to table of contents ]