SolarCity's (SCTY) Latest Equity Raise Comes with Better, But Not Optimal, Economics - Needham & Company
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SolarCity (SCTY) Equity Financing Should Provide Confidence to Tesla (TSLA) Shareholders - Baird
September 12, 2016 1:03 PM EDTBaird analyst Ben Kallo weighed in on SolarCity (NASDAQ: SCTY) after the company announced it raised $305M in cash equity financing. Effectively, the company monetized a portion of the future cash flows from a 230 MW portfolio. The transaction also includes an 18-year loan that was... 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
Stocks with Implied Volatility Movement
September 9, 2016 5:10 AM EDTSolarCity (NASDAQ: SCTY) implied volatility is above its IV index mean
... More
