SolarCity (SCTY) Equity Financing Should Provide Confidence to Tesla (TSLA) Shareholders - Baird
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SolarCity's (SCTY) Latest Equity Raise Comes with Better, But Not Optimal, Economics - Needham & Company
September 12, 2016 2:24 PM EDTNeedham & 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 raises $305 million in deal advised by Soros' firm
September 12, 2016 7:49 AM EDT(Reuters) - Solar panel installer SolarCity Corp (NASDAQ: SCTY), which is being bought by Tesla Motors Inc (NASDAQ: TSLA), on Monday said it had raised $305 million by selling the future cash flows for a portfolio of solar projects to a fund advised by billionaire investor George Soros' hedge fund.
Shares of the company, which is backed by Tesla founder Elon Musk, were up 7.4 percent at $18.00 in afternoon trading on Monday as investors cheered the solar company's ability to raise funds to fuel its rapid... More
SolarCity (SCTY) Announces $305M Equity Raise
September 12, 2016 7:04 AM EDTSolarCity 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
Axiom's Johnson Sees Tesla (TSLA) Tapping Equity Market for Another $3B; Lowers SolarCity (SCTY) Target to $14
September 9, 2016 11:05 AM EDT(Updated - September 9, 2016 12:20 PM EDT)
Axiom Capital analyst Gordon Johnson was out with a critical report on the Tesla (NASDAQ: TSLA)/SolarCity (NASDAQ: SCTY) merger and sees Tesla issuing another $3 billion in equity over the near-term.
In the report, Johnson said after... More
