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Though underwriters might not brag too much about it given the circumstances, SolarCity (SCTY)...

Though 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)
Comments (1)
  • Porterpop
    , contributor
    Comment (1) | Send Message
     
    Solar rules!
    14 Dec 2012, 03:34 AM Reply Like
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