Close

Stocks with Implied Volatility Movement

Go back to Stocks with Implied Volatility Movement

SolarCity's (SCTY) Latest Equity Raise Comes with Better, But Not Optimal, Economics - Needham & Company

September 12, 2016 2:24 PM EDT

Needham & Company affirms SolarCity Corp. (Nasdaq: SCTY) with a Hold rating following the company's recent equity raise.

The firm commented today, SCTY has the ability to raise capital despite investor fears, but the funding gap remains a risk. This announcement highlights SCTY's ability to raise capital needed to finance its project development. Recall mgmt noted delays in asset financing in 2Q16 given the pending acquisition by TSLA causing... More

SolarCity (SCTY) Announces $305M Equity Raise

September 12, 2016 7:04 AM EDT

SolarCity Corp. (Nasdaq: SCTY) announced that it raised $305 million in its second cash equity transaction. A private investment fund affiliated with Quantum Strategic Partners Ltd. and advised by Soros Fund Management LLC provided the equity investment in a portfolio of residential, commercial and industrial solar projects. The transaction also included a fully amortizing, 18-year loan that... More