SolarCity offers $124 million in high-interest bonds
On the same day that the copmany announced that it will lay off workers and cut founder salaries, SolarCity initiated a bond offering at a record high interest rate of 6.5%.
SolarCity cuts co-founder salaries to $1, announces job losses
In an SEC filing, the distributed solar market leader reveals that it expects to incur restructuring charges of $3-5 million in light of unspecified number of job losses. The company’s CEO and CTO will accept reduced salaries as reduced guidance bites.
pv magazine USA weekly news roundup
A critical rate case in Arizona gets resolved, NRG moves to acquire SunEdison assets, SolarCity goes BIPV, downsizing at SMA and SunPower, results from SCTY, RUN & VSLR, and more…
SolarCity to make BIPV modules at Buffalo factory, will consider cell partnership
Industry analysts note that the market for residential BIPV in the United States is “non-existent” at present, and SolarCity’s plans to use crystalline silicon are a new direction.
SolarCity shows uneven results in Q2 2016
The leading distributed solar provider is bringing down costs and growing bookings after a difficult Q1, but its losses remain wide.
BREAKING: Nevada Supreme Court rejects solar referendum
The Supreme Court has ruled that the measure’s description to voters was misleading, effectively upholding a lower court ruling which said that the referendum was unconstitutional.
A lot of skepticism: Mercom Capital’s Raj Prabhu on the pending Tesla/SolarCity merger
On Sunday, the boards of Tesla Motors and SolarCity agreed to the terms of Tesla’s acquisition of the solar company. And while this deal is still awaiting votes by shareholders of both companies to go forward, there are indications that this may come soon. pv magazine USA spoke with Mercom Capital CEO Raj Prabhu about the evolution of this deal, and what to expect.
SolarCity Q2 installation levels beat guidance
The largest distributed solar company in the U.S. installed 201 MW in the second quarter, however the company is still lowering its full year guidance.
Tesla moves closer to SolarCity acquisition
A merger agreement has been approved by Tesla’s board, but is still awaiting a vote by shareholders of both parties.
SolarCity raises $345 million in tax equity
The U.S. distributed solar market leader’s capital markets team has raised more than $1.5 billion so far in 2016, despite a depressed stock value.
