SolarCity enjoyed a much better IPO than some of its green industry peers have had in recent months. Its stock rose 47 percent on Thursday, netting about $92 million for the day. SolarCity opened at $8, skyrocketed to about $15, and closed at $11.79 per share. The stock continued to perform well on Friday, trading around $12 at midday. SolarCity finances and installs solar equipment. Its business model allows it to avoid the manufacturing costs that have sidelined other U.S. solar companies in the past.
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SolarCity's on Fire
Posted by: Rachelle Dragani December 14, 2012 12:11 PMSolarCity enjoyed a much better IPO than some of its green industry peers have had in recent months. Its stock rose 47 percent on Thursday, netting about $92 million for the day. SolarCity opened at $8, skyrocketed to about $15, and closed at $11.79 per share. The stock continued to perform well on Friday, trading around $12 at midday. SolarCity finances and installs solar equipment. Its business model allows it to avoid the manufacturing costs that have sidelined other U.S. solar companies in the past.