SolarCity Corp (NASDAQ:SCTY) is pretty confident as to where the solar business is heading in the future, and it wants every day investors to join hands with the company to enjoy their piece of the pie. Liz Claman of Fox Business reported on the new equity issue that the proponent of renewable energy is planning to benefit from.
” […] It is all about innovation at SolarCity Corp (NASDAQ:SCTY). The nations’s number one residential solar service provider will now be the first to offer solar bonds to the everyday investor […],” reported Claman.
As a society we are growing weary of our environmental impact and major tech companies are pioneering the use of green energy in their operations as well. By issuing solar bonds, SolarCity Corp (NASDAQ:SCTY) is not only helping more people to take a stake in this mission, but is also spreading awareness among many, and inspiring a conscience in individuals that there is a need for us to take the responsibility of our actions in terms of their environmental foot print.
This in turn also means more growth for SolarCity Corp (NASDAQ:SCTY), which is the largest business among its competitors with a market cap of $5.35 billion, as compared to SunPower Corporation (NASDAQ:SPWR)’s $3.67 billion and Vivint Solar Inc (NYSE:VSLR)’s $1.2 billion market capitalization.
Many might think that the current economic climate, where oil price has made a 4 year low and we are still not sure whether that was the rock bottom, might deem SolarCity Corp (NASDAQ:SCTY) not the best business to invest in. However, SolarCity is to a large extent insulated to the oil price decline as it provides homes with renewable energy.
Moreover, there might be an issue of tax credits, which have greatly helped the solar business remain profitable, and they are set to expire in 2017. However, it is expected that by that time SolarCity Corp (NASDAQ:SCTY) and its peers would have cut costs to such an extent that there will no longer be a need to stand on the shoulder of these incentives. Every year the innovation in the industry helps these businesses to cut their costs further down, and improve efficiency.
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