SolarCity is a company that was co-founded by family members Elon Musk, Peter Rive, and Lyndon Rive. The Rives are brothers and Elon Musk is their cousin. Aside from being SolarCity’s chairman, Musk is also known for serving as the CEO of Tesla Motors and SpaceX. Recently the company has hired Vivint Solar’s CEO Tanguy Serra as their EVP of Operations.
SolarCity is energy services company that is based in San Mateo, California. The company designs and installs solar energy systems at residences, businesses, and government agencies. The company went public today and they opened at $9.25 per share. The stock price jumped around 54% so far and is now trading at $12.31. The stock was priced at $8 from the $13-$15 per share that they were initially planning. SolarCity is led by CEO Lyndon Rive and COO Peter Rive.
SolarCity Corporation is a company that buys and sells rooftop solar-power systems. SolarCity has filed to raise over $200 million in an initial public offering. The company filed to raise a placeholder amount use for calculating fees and this may change according to a regulatory filing. SolarCity plans to go public on the Nasdaq Stock Market with the symbol SCTY.
SolarCity is a clean-tech company that has been backed up by Tesla Motors and SpaceX CEO Elon Musk. The company has filed for an IPO this past week, but we don’t really know much about their financials. This is because the JOBS Act makes it possible for companies to file for IPOs without having to publicly share anything about their financial performance.
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Alternative energy company SolarCity is now offering home installation of ClipperCreek EV chargers for electric car drivers. Engadget reports that the charger works with most plug-in vehicles and can charge a car five times faster than a 120V plug. The company also says that the charger in combination with a solar panel can cut drivers’ charging costs in half.