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Tale of two energies
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November 1, 2000: 7:34 p.m. ET
Solar energy firm prices in middle of its range, but an oil firm prices below
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NEW YORK (CNNfn) - With initial public offering investors keeping a keen eye on alternative energy companies, solar panel maker Evergreen Solar Inc. raised $42 million pricing its shares Tuesday night.
Evergreen sold 3 million shares at $14 per share, the dead center of its expected range, through lead underwriters Banc of America Securities LLC.
Alternative energy has been tipped by analysts as the IPO segment with the most momentum, but last week's disappointing performance by environmentally clean fuel cell company Hydrogenics (HYGS: Research, Estimates) showed a strong debut is not guaranteed.
Evergreen will trade as "ESLR" on the Nasdaq.
At the other end of the energy spectrum, oil and gas exploration company Energy Partners Ltd. raised $86.25, but had to sell its 5.75 million shares at $15, $2 below its expected range.
Energy Partners, which explores in the Gulf of Mexico, had revenue of more than $9.5 million, but lost more than $2.2 million.
The company will trade on the New York Stock Exchange as "EPL." The deal was led by Merrill Lynch. 
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