Lithium ion battery maker A123 Systems increased the estimated priced range of its upcoming IPO by 23% to $10-$11.50 a share, from $9 to $9.50 a share. The Watertown, MA firm now plans to raise up to $300M by offering 25.7M shares on the Nasdaq under the trading symbol AONE. 123 originally filed its IPO paperwork in August last year. The stock market was already weak by that time, but it fell off a cliff soon after. The company’s IPO plans were put on the shelf. but the company lives a charmed life. +GEinvested $30M in the company last fall. + VCs added another $30M in April and May, with half that from GE. Full story...
Not often does The Alarm:Clock cover parties as the staff here experienced the dot.com era and haven’t attended any event in the past 5 years that remotely brings back memories of the good times associated with fundraising for a cause or an organization.
Seeking to double its 2009 sales this year, Suntech Power (STP:NYSE) took a step closer to that ambitious goal today by announcing they will be supplying the solar panels for Taiwan’s largest solar power plant.
With the Evergreen Solar (ESLR:NASDAQ) looking for a boost after declining revenues and its Sorvello deal, the company announced today that the 5 megawatt (MW) solar power plant in Apulia, Italy is now online.
Foster City-based BrightEdge has raised $6.5M in Series B funding. Battery Ventures led the round, and was joined by return backers Altos Ventures and Illuminate Ventures.
Financial Engines shares jumped more than 30% on their first day of trading Tuesday after the provider of retirement research and advice priced an initial public offering above the expected range.
LA's Magento Commerce (aka Varien) has raised $22.5M in an equity funding round, according to a regulatory filing.
Snaptu (f.k.a. Moblica) has raised an undisclosed amount of Series A funding from Sequoia Capital. The concept is to partner with online service providers, media companies and content owners to enable rapid deployment of any online service as a full-featured mobile application, we extend our partners' reach to every Internet-enabled mobile device.
Pacific Gas & Electric (PCG:NYSE) may be facing a tough battle in California to hold onto its customers but is still working to improve its business.
Delivering Q4 2009 and full-year profits that hardly show a company with the wind at their back, Broadwind Energy (BWEN:NASDAQ) delivered results today that will certainly leave doubts in the minds of investors.