Tag Archives: scty

Solar Power, Biotechs Among 11 IPOs Planned This Week

The IPO market is maintaining a brisk pace with 11 scheduled this week, including a solar power company, three tech firms and three biotech companies. Vivint Solar (VSLR), a competitor to the Elon Musk-backed SolarCity (SCTY), plans to raise $350 million by selling 20.6 million shares at a price range of 16-18. Vivint provides residential solar energy systems. Similar to SolarCity, Vivint assumes most of the cost of installing solar energy systems

SolarCity Competitor Vivint Solar Sets IPO Terms

Vivint Solar, a competitor to Elon Musk-backed SolarCity (SCTY), announced terms Thursday for an IPO that seeks to raise $350 million. The Provo, Utah-based company plans to offer 20.6 million shares at a price range of 16-18. At the midpoint, Vivint Solar would have a market value of $2 billion. SolarCity, which made its initial public offering on Dec. 12, 2012, has a market cap above $6 billion. SolarCity’s IPO priced at 8 and raised $92

SolarCity Expands In Seven States, Brightening Stock

SolarCity (SCTY) announced Thursday it will expand in seven states by opening 20 regional operations centers by year-end, heating up its stock. The San Mateo, Calif.-based company, which installs rooftop solar panels for businesses and homeowners and went public in 2012, will open new centers in Arizona, California, Delaware, Maryland, Massachusetts, Nevada and New York. The new locations will reduce operations costs by decreasing service and