Donald R Kendall, a director of SolarCity Corp., recently acquired 1,062 shares of the company. , on June 17, 2015. Kendall now owns 36,681 shares of the company. Kendall operates out of San Mateo, CA. Some additional info was provided as follows:
SCTY going to $85 soon, GOOGLE will buy a stake in the company,they are very close with Google,who almost bought TSLA 2 years ago. ERICSHIN
10:33 pm ET May 4, 2015 (Globe Newswire) Print
SolarCity (NASDAQ: SCTY) today announced it has closed a $500 million financing aggregation facility with BofA Merrill Lynch, Credit Suisse and Deutsche Bank. The loan facility is expected to be the largest of its kind for distributed generation solar projects, and once deployed will finance more than 500 MW of solar power systems for homeowners, businesses and government organizations.
The facility will be secured by a portfolio of high quality, long-term customer systems and contracts. Through a novel structure, the financing will allow SolarCity to fund customer installations at an earlier stage in their development cycle, enabling a faster return of working capital to support the rapid growth in SolarCity's forecasted installations. When fully drawn, SolarCity will be able to finance installations for tens of thousands of homes and businesses throughout the United States. The clean energy provided by these systems will offset carbon dioxide emissions over the lifetime of the systems.
The revolving loan will permit fully developed systems to be continuously refinanced through ongoing securitizations or other capital markets solutions, further driving down the cost of a new system to residential, commercial and government customers, while providing committed capital for SolarCity to finance the design and installation of new systems.
"We are excited to announce this ground-breaking transaction for us and the industry," said SolarCity CFO Brad Buss. "By bringing three of the largest lenders together we have created what we believe to be the largest aggregation facility to date that will grow with our MW deployments over time, enabling us to continue to expand distributed generation solar at a rapid pace.
Thanks Cle. I was just hoping that SCTY sandbagged guidance last quarter because of the weather, and they would shock the shorts with great guidance this quarter.
THIS ONE-------------------Published on May 4, 2015
This film is dedicated to the heartbeat of SolarCity. Thank you crews, for starting your days before most of us wake up. For refusing to listen to those who say it can’t be done. For making us proud to wear the logo. Special thanks to the crews in the Northeast for braving one of the most brutal winters on record to get the job done. You inspire us all.
Goldman has a higher target, Guidance will be huge, Listen to conference call these guys in Solar City are sharp, I'm hoping we get NFLX or AMZN Shortsqueeze, it is not that far fetched.
In my opinion the key is guidance' Last quarter it was cold and snowy so the guidance for this quarter was very poor. the earnings report for VSLR 2 months ago makes me confident.