Tag Archives: solarcity
SolarCity Earnings = MEH
SolarCity (SCTY) has been one of the hottest alternative energy stocks since its Initial Public Offering five short months ago. Yesterday it shot up 24% in one day, on the largest one-day volume since it opened, in anticipation of its quarterly earnings release. It is up 95% in the past three months, and has more [...]
SolarCity Helps Walgreens Go Solar in Colorado
Walgreens and SolarCity will join forces to install solar systems at 22 drugstores across Colorado, the equivalent of planting more than 25,000 trees over the next two decades. Today marked the completion of the first Colorado drugstore: the Aurora Walgreens on E. Smokey Hill Road and Aurora Parkway. The achievement was celebrated with a ribbon-cutting [...]
Thinking Outside The Box with Renewable Energy Investing
As more homeowners and business become interested in installing solar, a myriad of financing options have evolved. From third-party financiers to Solar REITs, the options available to benefit the renewable energy industry and end users keep expanding. This article highlights what alternative energy investors should know about trends in creative financing for renewables, and which [...]
Should You Buy SolarCity Stock?
As a result of a disappointing earnings release, SolarCity (SCTY) took a shellacking on Thursday. The stock traded down 17.6% to the low of the day, and closed down 14.4%. Still, the stock is up 6.5% for the month, and the savvy investor would have gained 78% if they bought SCTY on the first day [...]
SolarCity+Honda=Solar Financing Enterprise?
Solar energy company SolarCity and automaker Honda have joined forces to increase access to solar power for their customers. The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura (Honda’s luxury division) customers with the initial cost of solar power installation. Millions of Honda and Acura customers [...]
SolarCity Goes Public
SolarCity (NASDAQ:SCTY) debuted on the public markets today. Earlier this week, it lowered the opening share price to $10 from the original $13-$15 range and trading so far has been at $10.49. The IPO has raised $92 million, much less than its original goal of $150 million. Read our background on the IPO and on SolarCity’s positioning and prospects: [...]
SolarCity Postpones IPO
After lowering its stock price to a reported $10 per share from a range of $13 to $15, IPO aspirant SolarCity was unable to fill its book and has postponed its IPO, according to Reuters quoting an underwriter of the deal. SolarCity has not returned requests for comment. SolarCity hoped to sell 10 million shares [...]
The SolarCity IPO: Bringing Back Confidence to Renewable Energy Investors?
SolarCity, a solar panel installation and finance company, is one of the more promising stories for alternative energy investors this year. SolarCity filed details of its initial public offering (IPO) on Tuesday, making it one of the few alternative energy company IPOs that investors are optimistic about. This article explains what type of business SolarCity is, [...]
SolarCity IPO: Before the End of 2012
There is a long list of withdrawn cleantech IPOs (BrightSource Energy, Elevance Renewable Sciences, Genomatica, Coskata, Fallbrook Technologies, Solyndra, and Smith Electric Vehicles). And while the list of actual cleantech IPOs (Tesla (TSLA), Enphase (ENPH), Kior, Gevo, Amyris, Codexis) is growing — the list of successful cleantech IPOs is not. SolarCity, the VC-funded and tax [...]