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BUSINESS
April 30, 2012 | By Tiffany Hsu
SolarCity Corp., a Bay Area solar panel developer and installer whose chairman heads Tesla Motors Inc., is planning an IPO. The San Mateo company's intention to go public come as other alternative energy firms are backing away from similar growth plans, even after the industry reported record growth last year. First Solar Inc. said this month that it would close down some of its factories and trim 2,000 positions . Oakland's BrightSource Energy Inc. scrapped its IPO plans a few weeks ago. After Solyndra's bankruptcy last year focused an unflattering spotlight on the solar business, SolarCity and other companies gave up hope for federal loan guarantees.
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BUSINESS
January 15, 2014 | By Stuart Pfeifer
California solar panel installer SolarCity is turning to small investors to raise cash to expand its network of rooftop solar systems. The company, which installs solar panels on homes and businesses and government buildings, will allow individual investors and institutions to invest in solar panels that can generate income for years to come. Solar City Chief Executive Lyndon Rive told the Associated Press that the company would sell securities directly to individuals. These securities could be held for varying lengths of time, or even traded.
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BUSINESS
January 15, 2014 | By Stuart Pfeifer
California solar panel installer SolarCity is turning to small investors to raise cash to expand its network of rooftop solar systems. The company, which installs solar panels on homes and businesses and government buildings, will allow individual investors and institutions to invest in solar panels that can generate income for years to come. Solar City Chief Executive Lyndon Rive told the Associated Press that the company would sell securities directly to individuals. These securities could be held for varying lengths of time, or even traded.
BUSINESS
September 13, 2013 | By Ronald D. White
The gig: Lyndon Rive, 36, chief executive of SolarCity Corp., a company co-founded in 2006 with his older brother, Peter, that helped popularize a new direction in residential solar power development. The San Mateo, Calif., company installs solar panels for homes, businesses and government entities. But instead of selling the panels to the customer, SolarCity usually retains ownership of them and sells the electricity to the client. That cuts out much of the upfront cost involved with going solar.
BUSINESS
December 12, 2012 | By Tiffany Hsu
SolarCity Corp. expanded the size of its highly anticipated initial public offering but knocked down the share price in what analysts said was a bid to boost investor demand. The San Mateo company said in a Wednesday filing with the Securities and Exchange Commission that it plans to sell 11.4 million shares at $8 apiece. That values the company, which is one of the country's largest providers and installers of residential and commercial solar power generating systems, at about $584.6 million.
BUSINESS
July 17, 2012 | By Tiffany Hsu
In the second phase of its ambitious SolarStrong project - the country's single largest effort to cover roofs with solar panels - installation company SolarCity will put more than 18,000 panels on military homes in California and Colorado. Eventually, SolarStrong plans to outfit 120,000 military residences with solar panels. The undertaking was first launched last year with installations at 2,000 homes in Hawaii. This time, 850 properties at Los Angeles Air Force Base as well as Peterson AFB and Schriever AFB in Colorado Springs will get the alternative energy treatment.
BUSINESS
December 13, 2012 | By Tiffany Hsu
Bay Area clean-tech company SolarCity Corp. had an uncertain path to its initial public offering, delaying and adjusting the size of its debut this week, but the stock was off to a running start Thursday in its first day of trading. The share price has boomed as much as 58.7% in trading so far on Nasdaq, hitting $12.70 after opening at $9.25. The San Mateo-based company sold 11.5 million shares at $8 each, raising $92 million total. The price values SolarCity at $584.6 million.
BUSINESS
November 27, 2012 | By Tiffany Hsu
SolarCity Corp., a Bay Area solar energy company, is looking to raise as much as $151 million in its initial public offering, widely considered to be the most anticipated renewable-power IPO coming down the pike. The San Mateo business - which helps residential, commercial and government customers including Wal-Mart, eBay and the U.S. military set up solar power-generating systems - said it expects its shares to price between $13 and $15 each. The company is selling 10 million shares, and current shareholders are offering 65,012 shares, SolarCity said in an amended filing with the Securities and Exchange Commission.
AUTOS
February 26, 2013 | By Ronald D. White
Buy a new Honda Fit EV or Accord Plug-In Hybrid and get a big discount on a solar power installation at your home. Or don't buy a new one; just prove you own a Honda generator or show up at a dealership with the paperwork for your rusting, 1970s-era first-generation Civic, and have a shot at getting the same deal. Seriously, says Honda. American Honda Motor Co. and San Mateo-based SolarCity aren't the first to team up to offer homeowners a discount on residential solar power systems.
BUSINESS
December 14, 2012 | Tiffany Hsu and Walter Hamilton, Los Angeles Times
SolarCity Corp. stock surged 47% in its first day of trading, but analysts are skeptical that the Silicon Valley solar energy provider will be able to boost investor interest in the rest of the green-tech industry. The San Mateo, Calif., company's share price rose $3.79 to $11.79 after debuting Thursday. It raised $92 million by selling 11.5 million shares at $8 each, valuing the company at $584.6 million. But the path to the initial public offering was rocky, complicated by Wall Street concerns about the viability of the clean power industry.
BUSINESS
June 27, 2013 | By Catherine Green
As Los Angeles launches into its solar buyback program between companies and the L.A. Department of Water and Power, one rooftop power producer is exploring a way to avoid depending on utilities altogether. Lyndon Rive, chief executive of San Mateo, Calif.-based SolarCity Corp., said in an interview this week that his rooftop solar company plans to roll out a system that would allow customers to generate power by panels during daylight hours and store the energy in battery packs at night.
AUTOS
February 26, 2013 | By Ronald D. White
Buy a new Honda Fit EV or Accord Plug-In Hybrid and get a big discount on a solar power installation at your home. Or don't buy a new one; just prove you own a Honda generator or show up at a dealership with the paperwork for your rusting, 1970s-era first-generation Civic, and have a shot at getting the same deal. Seriously, says Honda. American Honda Motor Co. and San Mateo-based SolarCity aren't the first to team up to offer homeowners a discount on residential solar power systems.
BUSINESS
December 27, 2012 | By Tiffany Hsu
SeaWorld Entertainment Inc. and its killer whales are going public, filing for an initial public offering that could raise $100 million. The theme park company, famous for using the orca Shamu as a performer, said in a filing with the Securities and Exchange Commission that it hopes to trade under the SEAS ticker. But it didn't say much else - not what exchange will host its stock, or how many shares will be up for grabs, how those shares will be priced or when they'll be offered.
BUSINESS
December 14, 2012 | Tiffany Hsu and Walter Hamilton, Los Angeles Times
SolarCity Corp. stock surged 47% in its first day of trading, but analysts are skeptical that the Silicon Valley solar energy provider will be able to boost investor interest in the rest of the green-tech industry. The San Mateo, Calif., company's share price rose $3.79 to $11.79 after debuting Thursday. It raised $92 million by selling 11.5 million shares at $8 each, valuing the company at $584.6 million. But the path to the initial public offering was rocky, complicated by Wall Street concerns about the viability of the clean power industry.
BUSINESS
December 13, 2012 | By Tiffany Hsu
Bay Area clean-tech company SolarCity Corp. had an uncertain path to its initial public offering, delaying and adjusting the size of its debut this week, but the stock was off to a running start Thursday in its first day of trading. The share price has boomed as much as 58.7% in trading so far on Nasdaq, hitting $12.70 after opening at $9.25. The San Mateo-based company sold 11.5 million shares at $8 each, raising $92 million total. The price values SolarCity at $584.6 million.
BUSINESS
December 12, 2012 | By Tiffany Hsu
SolarCity Corp. expanded the size of its highly anticipated initial public offering but knocked down the share price in what analysts said was a bid to boost investor demand. The San Mateo company said in a Wednesday filing with the Securities and Exchange Commission that it plans to sell 11.4 million shares at $8 apiece. That values the company, which is one of the country's largest providers and installers of residential and commercial solar power generating systems, at about $584.6 million.
BUSINESS
February 17, 2011 | By Tiffany Hsu, Los Angeles Times
SolarCity, the Bay Area company that is the leading provider of residential solar systems, shook up the renewable energy industry by pioneering a financing program that made solar panels accessible to more than rich eco-fans. The company ? founded in 2006 by brothers Lyndon and Peter Rive ? has completed or is working on more than 10,000 solar projects and is expanding to the East Coast. The company has ballooned to more than 1,000 employees, even though progress was stalled during the recession, and it has raised more than $700 million in project financing.
BUSINESS
November 28, 2012 | By Tiffany Hsu, Los Angeles Times
Bay Area solar energy company SolarCity Corp. is looking to raise as much as $151 million in its highly anticipated initial public stock offering. The San Mateo business - which helps residential, commercial and government clients such as Wal-Mart Stores Inc., EBay and the U.S. military set up solar power-generating systems - said it expects its shares to sell for $13 to $15 each. The company plans to sell 10 million shares, while shareholders will offer 65,012 shares, SolarCity said in an amended filing with the Securities and Exchange Commission.
BUSINESS
November 28, 2012 | By Tiffany Hsu, Los Angeles Times
Bay Area solar energy company SolarCity Corp. is looking to raise as much as $151 million in its highly anticipated initial public stock offering. The San Mateo business - which helps residential, commercial and government clients such as Wal-Mart Stores Inc., EBay and the U.S. military set up solar power-generating systems - said it expects its shares to sell for $13 to $15 each. The company plans to sell 10 million shares, while shareholders will offer 65,012 shares, SolarCity said in an amended filing with the Securities and Exchange Commission.
BUSINESS
November 27, 2012 | By Tiffany Hsu
SolarCity Corp., a Bay Area solar energy company, is looking to raise as much as $151 million in its initial public offering, widely considered to be the most anticipated renewable-power IPO coming down the pike. The San Mateo business - which helps residential, commercial and government customers including Wal-Mart, eBay and the U.S. military set up solar power-generating systems - said it expects its shares to price between $13 and $15 each. The company is selling 10 million shares, and current shareholders are offering 65,012 shares, SolarCity said in an amended filing with the Securities and Exchange Commission.
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