In a few years, everyone will know whether the planned merger of Tesla Motors Inc. and SolarCity Corp. became a rousing tale of ambition and success or went down as one of biggest busts in business history. The $2.6-billion all-stock deal, …
(Reuters) - SolarCity Corp SCTY.O cut its forecast for solar panel installations this year and reported a bigger-than-expected quarterly loss, sending its shares down nearly 20 percent in extended trading on Monday. The company, …
Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of …
On Monday morning, Tesla announced that it has come to an agreement with SolarCity. Tesla will buy the company in an all-stock deal that would give 0.11 shares of Tesla stock to investors for every share of SolarCity stock they own. The …
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 …
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. …
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 …
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 …
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 …