This report by Rob Schmitz of NPR's Marketplace Radio program pegged to electric car company Tesla's pending IPO makes note of the fact that several hyped "green" companies made it to the starting gate of the public markets only to turn away.
Greentech's Eric Wesoff says all these companies have one thing in common.
ERIC WESOFF: None of them are making money. None of them are profitable, and none of them will be profitable in the foreseeable future.
Well, that about sums it up doesn't it? I recently blogged about the city of Toledo's doomed attempt to revitalize itself by becoming a solar power leader - this is an extension of that observation. Nobody is going to make big money in the public markets by cornering the most subsidies. To make big money, you have to be profitable, and none of these trendy green technologies are (neither is nuclear, the un-trendy green technology, for the record).
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