FSLR: Is Nanosolar worth $2 billion?

Rumor: Nanosolar worth $2 billion, Solyndra $1 billion | Green Tech blog – CNET News.com

According to sources, Nanosolar is telling investors it will have a valuation, after another round of funds, of around $2 billion. Solyndra says it is worth $1 billion. Not bad for companies with combined current revenues at the moment that probably would have difficulty rivaling the take of a reasonably located convenience store. Nanosolar just started shipping a few solar cells to customers at the end of 2007, and Solyndra is ramping up toward production.

$2 billion would be in line with the value First Solar (FSLR) was assigned at the time of its IPO. First Solar, however, was profitable and had $134 million in annual revenue at the time. Clearly investors are now more aware of the potential growth in solar companies.

I haven’t looked closely enough at these companies to hazzard a guess as to whether they are actually worth it.

Disclosure: At the time of publication, William Trent has no financial position in the companies mentioned.

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