December 12, 2012 |
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.
December 13, 2012 |
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.
July 17, 2012 |
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.
November 27, 2012 |
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.
February 26, 2013 |
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.
December 14, 2012 |
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.