SolarCity buys startup, will allow retail investors to finance solar projects


SolarCity (SCTY +4.1%) has acquired Common Assets, developer of a Web-based investment platform that allows retail investors and small companies to provide debt-based financing for solar projects. Traditionally, only major financial institutions have been able to make such investments. (PR)

SolarCity, which says it's now responsible for nearly a third of new residential U.S. solar installations, has already been pushing the envelope when it comes to solar financing. The company began selling solar asset-backed debt in November at fairly low interest rates.

From other sites
Comments (4)
  • CDM Capital
    , contributor
    Comments (450) | Send Message
     
    Interesting, SCTY just tried to go around all the underwriters fees, right after they were upgraded by Goldman, J.P. Morgan, Credit Suisse, and others chasing the investment banking fees. Downgrades coming?
    15 Jan 2014, 01:34 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    nope. "just don't need the banks." period. next up "Bank of California" with its own mint. If North Dakota, Texas and Florida are smart...they will do the same. (North Dakota already has a State Bank.) Same goes for South Carolina, possibly North Carolina as well. that will increase the interest rates paid to depositors..otherwise known as savers...perhaps quite dramatically. I would say six percent is now on the horizon.
    15 Jan 2014, 01:47 PM Reply Like
  • cmnsnse
    , contributor
    Comments (878) | Send Message
     
    The more ways they will be able to obtain a constant flow of capital to essentially build distributed power plants to generate monthly payments with the lowest rate of default in all of financing for the next 20-30 years... the faster they will be able to become independent of government subsidies. Please, someone give me an example of an energy company that has the same aspirations?

     

    Complete independence will depend on how fast and efficient (also safely) Solarcity can scale to meet the demand of a market still 99% unsatisfied in today's numbers. Solarcity continually demonstrates they are up for the task with their intense focus on obtaining capital in unprecedented ways.
    15 Jan 2014, 02:33 PM Reply Like
  • xamd
    , contributor
    Comments (772) | Send Message
     
    CDM
    I read your report-article on SCTY from October last night, sheesh, that was a major opus. I didnt get to bed early let me say that. But isnt this new news from SCTY going to put a completely new spin on the short, bear thesis that you presented? I have a feeling you will say no, but... seriously this is an interesting new angle SCTY has opened up. No? Still value SCTY at 6 to 7 dollars after this purchase? Let me know somehow if you have a follow up article.
    15 Jan 2014, 05:20 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs