GameChange Solar readies for stock market listing - report

US solar racking manufacturer GameChange Solar is getting ready to go public at home and may seek a valuation of up to USD 3 billion (EUR 2.84bn) in the contemplated transaction, according to a Bloomberg report.

The planned initial public offering (IPO) could take place as soon as next year, although the timing and size of the deal could still change, insiders cited by the media have said.

Founded in 2012, GameChange Solar is a manufacturer of fixed tilt and tracker solar racking systems. The company has deployed its products in more than 29 GW of solar projects and has up to 30 GW of available production capacity, according to its website. It counts as a backer a unit of Koch Investments Group.

In September, the Norwalk, Connecticut-based firm announced that it is set to expand its manufacturing capacity in the US to 36 GW annually by 2024 from currently 24 GW, with the additional capacity expected to be launched by the first quarter of next year.

(USD 1 = EUR 0.947)

Choose your newsletter by Renewables Now. Join for free!