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March 18, 2014
16:59 EDTSCTYSolarCity says certain financial statements should not be relied on
On March 18, the Board of Directors of SolarCity and management of the company concluded, after discussion with SolarCity’s independent registered public accounting firm, Ernst & Young LLP, that the consolidated financial statements as of December 31, 2010 and 2011 and for the years then ended included in SolarCity’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, should no longer be relied upon as a result of (i) an error related to the presentation of non-cash stock based compensation costs in the consolidated statement of cash flows for the portion of such costs that were capitalized as part of the costs of solar energy systems leased and to be leased; and (ii) an error related to the classification of certain of the noncontrolling interests in subsidiaries after the company concluded that certain noncontrolling interests with redemption rights should be presented in temporary equity and not permanent equity as had previously been disclosed. These matters also impacted the 2013 interim and 2012 annual and interim consolidated financial statements referred to in our Form 8-K filed on March 3, 2014. The impact of the related restatements of the company’s previously filed consolidated financial statements will be explained in the Notes to Consolidated Financial Statements in the company’s Annual Report on Form 10-K for the year ended December 31, 2013, which the company anticipates to file on March 18.
News For SCTY From The Last 14 Days
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November 29, 2015
20:19 EDTSCTYBill Gates to announce multibillion-dollar clean energy fund, Bloomberg says
Bill Gates and certain of his fellow philanthropists will announce Monday a multibillion-dollar fund for clean-energy technologies, reports Bloomberg. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL), Solar City (SCTY) and Yingli Green Energy (YGE). Reference Link
November 25, 2015
08:36 EDTSCTYSolarCity CFO retirement likely stems from strategy change, says Roth Capital
After SolarCity's CFO announced that he would retire in February, Roth Capital says the news "feels sudden." However, the firm thinks the CFO's departure stems from the recent change in the company's strategy. Roth reiterates a $55 price target and Buy rating on the shares.
November 24, 2015
16:18 EDTSCTYSolarCity CFO Brad Buss plans to retire
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November 23, 2015
14:35 EDTSCTYSenators ask Treasury Secretary for update on SolarCity probe, Republic says
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November 18, 2015
08:11 EDTSCTYMusk, Silver Lake investing over $100M in SolarCity, NY Times reports
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November 17, 2015
13:29 EDTSCTYSunEdison selloff continues, shares down 23%
Shares of SunEdison (SUNE) continue to be weak and are down 23% to $3.49 in afternoon trading. Dan Loeb's Third Point last night disclosed it no longer owns the stock while David Einhorn's Greenlight Capital disclosed a reduced stake. Deutsche Bank analyst Vishal Shah lowered his price target for SunEdison this morning to $16 saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors. SunEdison's solar peers are also weak, with SunPower (SPWR), First Solar (FSLR) and SolarCity (SCTY) all in the red.

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