Wall Street Oasis - Investment Banking & Finance Community: SolarCity: A Bright Future Indeed

Wall Street Oasis - Investment Banking & Finance Community The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.

SolarCity: A Bright Future Indeed Apr 29th 2013, 05:00 Brainchild of uber entrepreneur and superhero Elon Musk, SolarCity installs and finances commercial and residential solar energy systems. Founded in 2006, SCTY IPO'd late last year at $8 per share and currently trades at a little over $23. Investors (and taxpayers!) are STILL being burned by long running Clean Energy debacles – most notably Solyndra - so why am I, and judging by the $1.75 billion valuation, many others, a huge fan of this company? SCTY benefits from advancing technology – Solar power tech is advancing so quickly now that even Chinese producers are going out of business; this is the principle reason why Solyndra no longer exists. SolarCity, however, benefits from any new developments, as lower prices only expand market potential. read more Media files: preview (image/jpeg, 0 MB)

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