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

SolarCity Raises $305 Million in Latest Cash Equity Financing

SAN MATEO, Calif., Sept. 12, 2016 /PRNewswire/ -- SolarCity Corp. (Nasdaq: SCTY) today 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 was syndicated to five high-quality institutional... More