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SolarCity partnered with banks, large corporations, and the asset-backed [112] market to create project finance funds to finance its lease and power purchase agreement (PPA) options. Among SolarCity's better-known financing partnerships was a $280 million fund created with Google to finance residential solar installations in June 2011.
SolarCity is a contentious stock. The bulls hail SolarCity as a distributed power 'killer app' that will disrupt the power grid. The bears think SolarCity is nothing but a tax payer supported scheme.
Shares of SolarCity opened down more than 11% this week after the company posted a wider-than-expected loss for its fourth quarter. Revenue for the period also came in below analysts' estimates ...
What: Shares of solar installer SolarCity fell 14%. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they ...
The shareholders claim that Musk knew SolarCity was going broke before the buyout, [4] that Musk failed to properly recuse himself from the deal-making process, [5] and that the deal was, in effect, a bailout of Musk's cousins Peter and Lyndon Rive. [6]
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What: Shares of SolarCity Corp. dropped 16% today. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they ...
For premium support please call: 800-290-4726 more ways to reach us