Renewables also taking a hit

Seems this sector, as all others, is impacted by the economic volatility. Yesterday Schott Solar announced it is delaying its initial public offering.

Early / growth stage companies in the renewable / resource efficiency sectors whom I've met over the last few months have also been experiencing quite a difficult fund raising environment. It now seems that many are rethinking the "hyped" valuation expectations they had, and focusing on getting the money they need to ride the storm...