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

|By:, SA News Editor

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.