SolarCity, Goldman Sachs to fund more than USD 500 million in solar PV projects (SolarServer)
SolarCity Corp (NASDAQ:SCTY) (San Mateo, California, US) has reached a lease financing agreement with Goldman Sachs Group, Inc. (NYSE:GS) (New York, New York, US) to provide more than USD 500 million in funding to support an estimated 110 MW of solar photovoltaic (PV) projects. SolarCity Corp (NASDAQ:SCTY) and Goldman Sachs Group, Inc. (NYSE:GS) initiated the agreement in 2012 and expanded per its initial terms at the end of April. The combined lease financing is the largest of its kind in the United States for homeowners, and has already enabled the deployment of 26 MW of PV.
Short covering helps SolarCity Corp (NASDAQ:SCTY) to move up (WallStreetPR)
Friday’s trading session saw SolarCity Corp (NASDAQ:SCTY) climbing up by 26.09%. It opened at a price of $37.20 which reached an intraday high of $46.50 before heading down to close at $36.00 per share. In excess of 7.86 million shares exchanged hands in the previous trading session, which was above the average volume of 1.45 million that was measured over a 30-day period. Currently there is a large amount of short interest in SolarCity Corp (NASDAQ:SCTY). This is natural for any unprofitable experimental company which has seen its stock value triple since the beginning of the year. Solar stocks are doing fairly well. However, SolarCity Corp (NASDAQ:SCTY) is still not a very well-known company.
29 Reasons Why Elon Musk Is The Most Badass CEO In America (BusinessInsider)
Tesla Motors Inc (NASDAQ:TSLA) is riding high right now. It smashed earnings and revenue expectations last week, and just earned the best Consumer Reports score ever for its all-electric Model S sedan. At the helm is CEO Elon Musk, the South African self-made billionaire who is also the CEO of private space venture SpaceX, the chairman of sustainable energy company SolarCity Corp (NASDAQ:SCTY), and the father of five young boys. Musk is the inspiration for the Tony Stark character of the “Iron Man” movies. He knows how to have a good time when he’s on top, and doesn’t hold back when he’s criticized.
SolarCity Shifts Its Home Efficiency Strategy (GreenTechMedia)
GTM and Stephen Lacey have been looking very hard at energy efficiency audit science and businesses. So has SolarCity Corp (NASDAQ:SCTY). And SolarCity Corp (NASDAQ:SCTY) has decided to change its energy efficiency strategy. In October 2010, SolarCity added energy efficiency measures to its solar finance and installation business with its acquisition of Building Solutions, a software-enabled home energy audit firm. The founders of SolarCity Corp (NASDAQ:SCTY) have a background in enterprise software and were attracted to Building Solutions because of the firm’s software capabilities.