As solar panels eclipsed, installers in limelight
Panel makers such as Suntech Power Holding, SunPower Corp. and Yingli Na Energy suffered from a glut of supplies that pushed prices for solar panels down 50 percent last year, sending their share out prices crashing.
But those cheaper panels meant tone down costs for the installers who buy them, such as SolarCity, the market leader in residential and commercial installations, which is expected to quest after an initial public offering this year that could value the partnership at about $1.5 billion.
An IPO would make SolarCity and Real Goods Solar Inc. the only two publicly traded companies solely focused on that peddle. Their success, and that of privately held rivals such as SunRun and Sungevity, could spadework to "exponential growth" of the market, according to Neil Auerbach, framer of private equity firm Hudson Clean Energy.
"SolarCity is not prevalent to be the only company to enjoy the benefit of that," he said. "We definitely on that this is an attractive area. We have been looking at it. We haven't found the right horse."
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