acquisition Stories July 1, 2016

telsa solarcity

In a new note to client today, Credit Suisse downgraded SolarCity’s (SCTY) stock from ‘Outperform’ to ‘Neutral’ with a price target of $27.00 (from $38.00 previously) based on what it sees as an increased probability of the Tesla’s (TSLA) acquisition deal closing, which it estimates to be ‘grossly undervalued’. expand full story

acquisition Stories October 31, 2015

acquisition Stories August 5, 2015

SolarCity made its first international move today when it announced the acquisition of ILIOSS, one of the largest commercial and industrial solar developers in Mexico. Until today, SolarCity operated in 17 states in the US and they focused their efforts where electricity rates and government incentives are favorable to solar. Mexicans pay expensive rates for their electricity and they have plenty of sunshine, making Mexico an attractive market for the solar company. expand full story

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