Tesla Motors Inc.
The world’s major stock markets and clean energy indices were mostly down this week as Americans headed into the Memorial Day long weekend. The only exception was the EnergyBoom Biofuel Subindex (E•B Biofuel) which increased 1% for the week.
Shares of Tesla Motors, Inc. (NASDAQ: TSLA) (market cap $2.75 billion), a manufacturer of EV vehicles and powertrain components, are up about 1% at mid-day after increasing 8.5% Wednesday on the news the company plans to raise $217 million through a share offering at $26.35 per share. Some of the proceeds will fund development of Tesla’s Model X crossover vehicle.
EnergyBoom’s E•B Efficiency subindex had the best performance in November among Energyboom’s five sector indices and also beat all broad market indices for the month. The E•B Efficiency slipped 0.13 percent for the month, narrowly beating the best-performing broad market index, the S&P 500 Index (-0.23 percent).
EnergyBoom’s E•B Biofuel subindex decline of 0.99 percent last week was the best performance among the EnergyBoom clean sector indices. It also beat the leading green ETFs and all broad market indices except the Dax Index of 30 bluechips trading on the Frankfurt Stock Exchange, which slipped 0.24 percent.
Shares of Ascent Solar Technologies, Inc. (NASDAQ: ASTI) were down 13 percent to under $4 in mid-day trading after the development-stage company announced it expected to raise $20.25 million from an underwritten public offering of 5.25 million common shares priced at $4.15 per share. The company expects the offering to close November 16.
Other news: Tesla Motors, Inc., WaterFurnace Renewable Energy, Inc., BioFuel Energy Corp., Aleo Solar AG.