, Adverse Market conditions forces Brightsource Energy to back off from its IPO
Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month. Brightsource Energy, based in Oakland, California, is considered the United States leader in the development and application of solar energy for large-scale power plants.
