NextEra


Volatility in the overall financial markets have taken a heavy toll on clean tech companies with IPO ambitions, while valuations of publicly traded stocks had dropped dramatically by two thirds, investment bankers in the sector conceded this week.

Clean tech market sector capitalization was valued at $475 billion at the high point in 2007, said David Dolezal, head of the Americas Renewable Energy and Cleantech division at UBS, the largest trader of clean tech stocks. But that figure has now been slashed to $142 billion, the equivalent market capitalization of pharmaceutical giant Pfizer. Keep reading →