Though underwriters might not brag too much about it given the circumstances, SolarCity (SCTY)...
Thursday, December 13, 2012, 5:47 PM ETThough underwriters might not brag too much about it given the circumstances, SolarCity (SCTY) finished the day at $11.79, up 47.4% from its $8 IPO price. CEO Lyndon Rive predicts the money-losing company will turn cash flow positive by the end of 2013. Bloomberg's Cory Johnson notes SolarCity is dependent on a 30% tax credit that (unless extended) falls to 10% in 2017, and is being investigated by the Treasury Department and DOJ. (earlier)
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