reports
- Andrew Bischof
- CFA
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...
- Andrew Bischof
- CFA
SolarCity is having a difficult time getting access to financing.
We are maintaining our $28 per share fair value estimate and $20 per share stand-alone fair value estimate after SolarCity management reported second-quarter earnings and lowered its range of projected installations to 900 MW-1.0 GW. Management previously lowered its installation guidance range to 1.0 GW-1.1 GW. Our 2016 estimate remains at 900 MW, as we previously believed it would be difficult for management to meet its installation targets. We are reaffirming our no-moat and stable moat trend...
DEADLINE ALERT: Brower Piven Alerts Shareholders Of Upcoming Deadline ...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of SolarCity Corporation (Nasdaq: SCTY) (“SolarCity” or the “Company”) securities during the period between May 5, 2015 through February 9, 2016, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until October 14, ...
- Andrew Bischof
- CFA
SolarCity is having an increasingly tough time getting access to finan...
We are maintaining our $28 per share fair value estimate and $20 per share stand-alone fair value estimate after SolarCity management reported second-quarter earnings and lowered its range of projected installations to 900 MW-1.0 GW. Management previously lowered its installation guidance range to 1.0 GW-1.1 GW. Our 2016 estimate remains at 900 MW, as we previously believed it would be difficult for management to meet its installation targets. We are reaffirming our no-moat and stable moat trend...
- Andrew Bischof
- CFA
SolarCity Lowers Installation Guidance Again; Focus Remains on Tesla A...
We are maintaining our $28 per share fair value estimate and $20 per share stand-alone fair value estimate after SolarCity management reported second-quarter earnings and lowered its range of projected installations to 900 MW-1.0 GW. Management previously lowered its installation guidance range to 1.0 GW-1.1 GW. Our 2016 estimate remains at 900 MW, as we previously believed it would be difficult for management to meet its installation targets. We are reaffirming our no-moat and stable moat trend...
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