Top 10s

Top 10 Biggest Solar IPOs of 2014


14 Jan. 2015 by Alexandra Mebane, Solarplaza

The wave of renewable energy IPOs has only just begun, meaning that we can expect to see even more companies posting initial public offerings in 2015.


 

As far as the 2014 list is concerned, the following ten IPOs met with success, raising millions of dollars from institutional investors to raise expansion capital. The value of IPOs stems from the fact that they give private companies the opportunity to become publicly traded enterprises, allowing money to flow freely and pass back and forth through the hands of investors.


Interestingly, the biggest IPOs of 2014 were for solar yieldco’s as was discussed in the previous piece, Top 10 Solar Yieldco’s of 2014. All major IPO’s were downstream in the value chain, as investors seemed to have taken a liking to solar finance and installation companies in 2014 for example, meaning that upstream players, such as solar manufacturing companies, did not make the final cut for this list.

This year’s Top 10 solar IPO’s from around the world are ranked according to the market capitalization by the end of the IPO date.

*Disclaimer: All prices converted to USD for the most accurate measurement

 

 

#1. Abengoa Yield PLC (ABY)

HQ Country: England
Location: London, England
Stock Exchange: NASDAQ
Initial Value Opening Day: $720.6 M USD
Technology: Owns and manages revenue generating assets (renewable energy)

 

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#2. Terraform Power Inc. (TERP)

HQ Country: USA
Location: Beltsville, MD
Stock Exchange: NASDAQ
Initial Value Opening Day: $500 M
Technology: Owns and operates solar plants

 

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#3. Vivint Solar (VSLR)

HQ Country: USA
Location: Lehi, Utah
Stock Exchange: NYSE
Initial Value Opening Day: $329.6 M
Technology: Residential solar installer

 

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#4. NextEra Energy Partners LP (NEP)

HQ Country: USA
Location: Juno Beach, FL
Stock Exchange: NYSE
Initial Value Opening Day: $325 M
Technology: Owns, operates and acquires clean energy projects (wind and solar)

 

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#5. John Laing Environmental Assets (JLEN)

HQ Country: England   
Location: London, England
Stock Exchange: LSE (London Stock Exchange)
Initial Value Opening Day: $248.5 M / 160M BP
Technology: Invests in environmental infrastructure, defined as projects that use natural or waste resources. This covers renewable energy generation (solar, wind, hydropower and biomass technologies), the supply and treatment of water, the treatment and processing of waste, and projects that promote energy efficiency.

 

 

 

#6. OPower (OPWR)

HQ Country: USA
Location: Arlington, VA
Stock Exchange: NYSE
Initial Value Opening Day: $116 M
Technology: Energy software provider

 

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#7. Spark Energy Inc. (SPKE)

HQ Country: USA
Location: Houston, TX
Stock Exchange: NASDAQ
Initial Value Opening Day: $54 M
Technology: Low cost energy provider

 

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#8. Sky Solar Holdings Ltd. (SKYS)

HQ Country: China
Location: Hong Kong
Stock Exchange: NASDAQ
Initial Value Opening Day: $44 M
Technology: Develops and owns solar parks

 

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#9. Enerdynamic (EHT:CA)

HQ Country: Canada
Location: Welland, Ontario
Stock Exchange: TSX (Toronto Stock Exchange)
Initial Value Opening Day: $3.47 M / 4.04 M CAD
Technology: Solar energy solution provider

 

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#10. Scatec Solar ASA (OSE:SSO)

HQ Country: Norway
Location: Oslo, Norway
Stock Exchange: OSE (Oslo Stock Exchange)
Initial Value Opening Day: $2.415 M / 1.783 M NOK
Technology: Owns and operates solar plants; specializes in integration of PV systems