I don't know enough about it to tell if it is hype or hope. I do remember similar companies a decade ago flying off the handle on hype - Ballard Power (BLDP) and FuelCell Energy (FCEL) are the first two to come to mind. [I encourage you to pull up a 10 year chart of Ballard Power or FuelCell to see where they used to trade in 1999] A decade later neither of these are making money - but I am sure the "hope" remains. ;) Since we seem to be returning to a lot of the same situations as we saw in the NASDAQ a decade ago in terms of ever upward markets, rampant speculation, and laughter at valuation analysis; I suppose it is appropriate we start seeing similar type of stocks get the hype.
Here is a quick overview per CBSMarketwatch followed by a (surprise!) bullish viewpoint via CNBC. The stock is set to come IPO in the coming hours; demand is high as this is oversubscribed - and why not, it has all the sexy code words. Being profitable is not a condition to buy stock hand over fist these days; and frankly who knows how to value a company like this.
Thus far it looks like a bunch of hype... and a perfect representation of the American
Dude you got fleeced by the used car salesmen in $3000 suits. Again. "You get nothing. You lose. Good day sir!" But your service (and money) along with countless others helped to buy at least 8 second homes in the Hamptons this summer by a bunch of 27 to 31 year old Goldman,
Reverse Robin Hood (steal from the many to give to the few) prevalent on Wall Street, in all its glory. Errr.. I mean "we're all in this together. Wall Street = Main Street. Without the bailouts there would be no country left."
But don't worry - there is always a new darling IPO right around the corner which will have all the sexy code words, CNBC
[Oct 7, 2009: Where's the Next Bubble...err Boom? Maybe "Cleantech"]