As the Global Cleantech Meet-up kicks off and touts some of the Boston’s most innovative greentech companies, one formerly high-flying green company has been laid low: A123 Systems filed for bankruptcy.
The company had pinned hopes on selling batteries for electric vehicles, and in 2009 the company received $249.1 million grant to help it build manufacturing operations in Michigan. That was the same year it went public, with its IPO closing at $20.29 a share after helping the company raise $378 million.
Since then, with occasional bumps and dips, the company’s stock has marched steadily downwards.
What does the bankruptcy mean for Massachusetts’ green economy? And for tonight’s presidential debate? I’d love to hear your thoughts, via email at email@example.com or on Twitter at @HiveBoston.