Dive Summary:
- SolarCity plans to launch its $200 million cleantech IPO before the end of the year.
- The company has benefited from several factors, including the glut of solar manufacturing capacity and the collapse of panel pricing.
- SolarCity's third party financing allows residential and commercial customers to install solar with no money down, which has led to growth in installations in Arizona, California, and Colorado.
From the article:
SolarCity will launch its $200 million maiden public offering before the end of the year according to a person close to the deal, cited in Reuters. The institutional investor roadshow starts after the Thanksgiving holiday in the U.S.
SolarCity has benefited from the glut of solar manufacturing capacity, the collapse of solar panel pricing, and the questionable solar manufacturing policy of the Chinese government. Cheaper solar panels means lower costs for SolarCity and presumably for its customers. As per the firm's S-1, Trina, Yingli, and Kyocera are the primary module suppliers for SolarCity. Inverters are sourced from Power-One, SMA, Schneider, and Fronius. ...
