Tag Archives: scty

SolarCity, SunEdison, SunPower Flash On Tax Extension

IBD’s Energy-Solar Group shone Wednesday after Congress planned to extend a key solar tax credit by five years. SolarCity (SCTY), SunEdison (SUNE), SunPower (SPWR) and Sunrun (RUN) stocks gapped up double digits. IBD’s 22-company Energy-Solar group was up more than 13% in midday trading on the stock market today, touching a four-month high. Big winners included No. 1 residential installer SolarCity, which was up 26% and hit a four-month high, and

Tesla CEO Elon Musk, Silver Lake Up SolarCity Stakes

Tesla (TSLA) CEO Elon Musk upped his stake in SolarCity (SCTY) by $10 million, adding to hefty investments by technology investor Silver Lake Kraftwerk and SolarCity CEO Lyndon Rive. Rive is Musk’s cousin. Musk, who also runs commercial space company Space X, chairs SolarCity’s board. The Silver Lake fund invested an additional $100 million, almost quadrupling its initial February 2012 investment, SolarCity said Wednesday. And Rive added $3

SunEdison Inferno Chars SolarCity, SunPower, Yieldcos

SunEdison’s (SUNE) inferno charred SolarCity (SCTY), SunPower (SPWR) and spinoffs TerraForm Power (TERP) and TerraForm Global (GLBL) on Wednesday, as IBD’s Energy-Solar Group plunged for the second day on Wall Street. In midday trading, IBD’s Energy-Solar Group was down 3% after falling 5.7% Tuesday following SunEdison’s mixed Q3 earnings cast doubt on the effectiveness of the industry’s trend toward putting assets into publicly traded companies