Two days after Hillary Clinton called for a 700% expansion in solar installations by 2020, No. 1 residential solar installer SolarCity (SCTY) was set to announce early Tuesday expanded solar financing options for small and midsize businesses. SolarCity says its expanded options will give businesses an opportunity to save 5% to 25% in energy costs over traditional utilities. Participating businesses won’t be required to pay any upfront costs and
NantKwest (NK) raised $207 million in an upsized IPO Monday evening, pricing 8.3 million shares at 25 and boosting the hot biotech sector. It had planned to raise $151 million by offering 7 million shares at a price range of 20 to 23. NantKwest is one of eight IPOs planned for the week of July 27 that look to raise about $2 billion. NantKwest is developing therapies for the treatment of cancer, in the hot field of immunotherapy that includes
Baidu late Monday reported mixed Q2 results and gave weak revenue guidance, sending the China search giant’s stock tumbling in after-hours action. Revenue rose 38% to $2.67 billion, snapping a four-quarter string of decelerating growth. Analysts polled by Thomson Reuters had $2.66 billion. Baidu’s (BIDU) reported earnings per U.S. share was $1.64, up from $1.63 a year earlier but apparently missing analyst estimates for $1.71.