Trump Win Boosts Coal, Hits Renewable Stocks
The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc, North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms.
Tesla Unveils Solar Roof Tiles, Longer-lasting Batteries
Tesla Motors Inc Chief Executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. The products include solar-powered roof tiles that eliminate…
Tesla Wins U.S. Antitrust Approval to Buy SolarCity
Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy management systems, battery production and marketing.
Gigafactory Costs may Exceed Expectations
Tesla Motors Inc said the cost of building and operating the Gigafactory could exceed the company's current expectations. The Gigafactory may also take longer than anticipated to come online, the electric carmaker said in a filing on Friday. Tesla, which is buying…
Solar Company Sungevity To Go Public in Reverse Merger
Sungevity Inc, the No. 5 U.S. rooftop solar company by market share, on Wednesday said it would list its shares after a reverse merger by a shell company, allowing it to tap the public markets at a difficult time for solar stocks. Easterly Acquisition Corp, a company…
Oil Industry: Climate Deal a Chance to Innovate
If a crisis is a terrible thing to waste, the oil industry sees the Paris climate accord not as a death knell, but an opportunity to innovate and even grow. The move is a shrewd one for an industry that has been on the defensive for years on climate issues, constantly…
Solar Energy Company Sunrun Files for IPO
U.S. solar energy company Sunrun Inc on Thursday filed with U.S. regulators for an initial public offering of its common stock. Credit Suisse, Goldman Sachs & Co and Morgan Stanley were among the underwriters for the IPO, the company told the U.S Securities and Exchange Commission in a preliminary prospectus.
SolarCity First-quarter Installations Top Forecast
SolarCity Corp, on Tuesday said first-quarter solar installations were higher than expected despite a particularly snowy winter in many of its key markets. The company, which is backed by Tesla Motors Inc founder Elon Musk, reported first-quarter installations of 153 megawatts, above its forecast of 145 MW.
SolarCity Launches fund for U.S. Solar Projects
SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. The fund is expected to finance more than…
Google Invests $300 mln Residential Solar Projects
SolarCity Corp on Thursday said it created a $750 million fund to finance about 25,000 residential solar projects, with Google Inc investing nearly half the funding. The money will be used by SolarCity to put solar panels on homes. Homeowners then will pay a monthly fee to lease the panels from the company.
Oil Prices Weigh on Alternative Fuel Sector
With gas pump prices lingering near their lowest levels in five years, greener, cleaner alternative fuels are taking a hit. Makers of biodiesel, a fuel made from vegetable oil or animal fats, are slashing prices and margins in a bid to stay competitive with the price of diesel fuel…
SolarCity Q3 Revenue up 20%
SolarCity Corp, the largest U.S. solar panel installer, on Wednesday reported a 20 percent rise in quarterly revenue as it added more customers. The company, which is backed by Tesla Motors Inc founder Elon Musk, said revenue rose 20 percent to $58.34 million.
Some Fund Managers Take Shine to Pricey Solar Stocks
Some notable fund managers are betting on solar energy shares, expecting a wave of industry consolidation and lower costs to pay off for the notoriously volatile industry. The optimists, a mix of specialized environmental managers and mainstream investors, are going against several trends…
SolarCity Buys Solar Panel Maker to Lower Costs
SolarCity Corp, the largest residential solar panel installer in the United States, said it would buy solar panel maker Silevo to drive down costs. SolarCity's shares rose 18 percent to $64.77 on Tuesday on the Nasdaq. The company, backed by Tesla Motors Inc's founder Elon Musk…
SolarCity Raises Forecast As Demand For Solar Installations Rise
SolarCity Corp, the largest residential solar panel installer in the United States, raised its full-year forecast for installations after reporting a smaller first-quarter loss. SolarCity's shares rose as much as 9 percent after the bell. The company said on Wednesday it expects to deploy 500-550 megawatt (MW) this year…
