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After using the JOBS Act to confidentially file for an IPO 5 months ago, SolarCity has finally...

After using the JOBS Act to confidentially file for an IPO 5 months ago, SolarCity has finally filed an S-1. The company, which will use the symbol SCTY, generated 1H revenue of $71.4M (+252% Y/Y), and a net loss of $48.9M. SolarCity installs residential and commercial solar systems in the U.S. for little or no up-front cost, and then sells the electricity generated by them via long-term leases. It claimed 31,641 cumulative customers as of the end of June.
Comments (2)
  • Stealthe
    , contributor
    Comments (68) | Send Message
     
    I believe they will be building the superchargers for tesla too..
    6 Oct 2012, 09:24 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    This reminds me of Enron without the profit.

     

    It would be nice if at least one IPO came to market with decent financials right now rather than at some point in the future.
    6 Oct 2012, 12:10 PM Reply Like
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