Solyndra files for $300 million IPO

Solyndra, a Fremont, Calif.,solar-panel maker that received a $535 million federal loan guarantee in March to build a massive new factory, filed Friday [Dec. 18, 2009]for a $300 million initial public stock offering, one of the largest such offerings in the past few years.

Officials with the company were not immediately available for comment. But the firm disclosed its plans in a regulatory filing after the stock market closed. The document noted that Solyndra's panels are installed in more than 100 business buildings worldwide and that it considers commercial rooftops "a vast and underutilized resource for the generation of solar electricity," according to a Dec. 19, 2009, MercuryNews.com report.

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