Report
Andrew Bischof, CFA
EUR 147.86 For Business Accounts Only

Sun Sets For SolarCity, Shareholders Approve Tesla Acquisition

We are maintaining our $18 per share fair value estimate, no-moat and stable moat trend ratings after both Tesla and SolarCity shareholders approved Tesla's acquisition of SolarCity. Tesla management indicated the deal would close within a few days.
We believe the transaction is in the best interest of SolarCity shareholders. SolarCity was struggling to access low-cost financing, maintain installation volumes, and reduce per-unit installation costs as a standalone entity. SolarCity will now be a...
Underlying
SolarCity Corp

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA

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