Follow us on Twitter Follow us on Facebook View our linked in profile View our RSS feeds
SustainableBusiness.com
 
News
Your daily source for sustainable business & sustainable investor news.

(view sample issue)


This is an archived story. The information and any links may no longer be accurate.

12/13/2012 12:11 PM     print story email story  

SolarCity (Nasdaq:SCTY) Goes Public

SustainableBusiness.com News

SolarCity (NASDAQ:SCTY) debuted on the public markets today.

Earlier this week, it lowered the opening share price to $8 from the original $13-$15 range and trading so far has been at $10.49. 

Because of this change, the IPO raised $92 million, much less than the original goal of $150 million. 

SolarCity's market value is currently $585 million, about 4.7 times sales for the past 12 months, compared with multiples of less than 1 for publicly traded peers.

Read our background on the IPO and on SolarCity's positioning and prospects:

Website: http://www.sustainablebusiness.com/index.cfm/go/news.display/id/24328



Reader Comments (0)

Add Your Comment

(Use any name, your real name is not required)
Type the characters you see in the picture below.

home |about us |contact us |advertise |feeds |privacy policy |disclosure

Compare Green Cars   |   Find Alternative Fueling Stations