Thursday, July 24, 2008

GT Solar shares fall as much as 15 pct in debut (SOLR)

From Reuters:
GT Solar International Inc's SOLR.O shares fell as much as 15 percent in the solar energy equipment maker's market debut on Thursday, a day after its initial public offering priced in the middle of the forecast range.

GT Solar's IPO priced at $16.50 per share, within its estimated range of $15.50 and $17.50 a share.

GT Solar traded at $15.01 in late-morning Nasdaq trading after fall as low of $14.05...MORE

From 24/7 Wall Street:

... With a mid-point pricing, insiders selling, and a question over alternative energy prices vs. fossil fuel prices, it's a no-brainer to call this IPO a real wild card....