SolarCity Announces Price For IPO

November 28th, 2012 by Adam Johnston

Just one day after announcing it will release its long-anticipated Initial Public Offering (IPO) by the holiday season, SolarCity provided details on the share price.

Image Credit: SolarCity Car via Kevin Krejci/Flickr Some Rights Reserved

The solar installation industry leader is aiming to trade 10 million shares for between $13-15 a share. Stockholders will sell 65,012 shares of initial stock.

SolarCity originally had planned an IPO worth $201 million. However, it has scaled those plans to $151 million. Still, not bad for the most anticipated clean-tech IPO since Tesla in 2010.

Will this IPO be a “Happy Holidays” or a “Ba Hum Bug” for SolarCity? Only time will tell.

Source: Greentech Media

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About the Author

Adam Johnston Is currently studying at the School of the Environment Professional Development program in Renewable Energy from the University of Toronto. Adam graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications. Adam also writes for Solar Love and also owns his own part time tax preparation business. His eventual goal is to be a cleantech policy analyst, and is currently sharpening his skills as a renewable energy writer. You can follow him on Twitter @adamjohnstonwpg or at www.adammjohnston.wordpress.com.