SolarCity (SCTY) shares soared as much as 12 percent Wednesday after Tesla Motors (TSLA) made a $2.8 billion offer to buy the clean energy provider in pursuit of synergy. The stock later pared its gains, ending the day up just 3 percent. …
Tesla’s stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares shed 7.4 per cent on Monday to …
NEW YORK — Tesla will pay approximately $2.6 billion for solar panel maker SolarCity in an all-stock deal. The transaction gives SolarCity Corp. stockholders 0.110 Tesla common shares per SolarCity share, which puts the value …
SolarCity closed the day with a market cap of $2.14 billion — so a 30 percent premium could mean an all-stock purchase price of $2.78 billion, or from $26.50 to $28.50 per share. SolarCity’s stock jumped by more than 22 percent following …
On Thursday, federal antitrust regulators from the Federal Trade Commission (FTC) approved electric vehicle maker Tesla’s bid to buy solar panel company SolarCity for $2.6 billion in an all-stock deal. The deal was expected to be approved, …
SolarCity Corp. SCTY just released its first quarter fiscal 2016 earnings results, posting an earnings loss of $-2.56 per share and revenue of $122.6 million. Currently, SCTY has a Zacks Rank #3 (Hold), but it is subject to change following …
Tesla Motors (TSLA) said on Tuesday it would bid $2.8 billion to buy SolarCity (SCTY), sending the solar energy company's shares soaring. SolarCity shares popped more than 15 percent after-hours on the offer of $26.50 per share …