SolarCity Raises $305 Million in Latest Cash Equity Financing
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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 (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
