SolarCity agrees to acquire solar panel tech company Silevo SolarCity announced on its corporate blog that it has signed an agreement to acquire Silevo, a solar panel technology and manufacturing company whose modules have demonstrated a unique combination of high energy output and low cost. The company noted that it is in discussions with the state of New York to build the initial manufacturing plant, continuing a relationship developed by the Silevo team. Reference Link
SolarCity expands operations to Western Massachusetts SolarCity is expanding its solar service to Western Massachusetts with a new operations center in Agawam. The new operations center is its fourth in Massachusetts. SolarCity will initially offer service to customers of National Grid and Western Massachusetts Electric in the region. There are approximately 30 staff working out of the Western Massachusetts operations center today and the company plans to fill an additional 50 positions for the facility.
SolarCity reiterated as a top pick at Goldman Goldman reiterated SolarCity as a Conviction Buy and a top pick with an $88 price target given secular growth potential and its disruptive business model. The analyst said SolarCity's near-term improving cash flow visibility is underappreciated and sees significant upside to shares.