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  1. #1
    Member
    Join Date
    Sep 2012
    Posts
    42

    SolarCity Shares Increase by 50% after it Made its Market Debue

    SolarCity shares were up nearly 50% Thursday as the Silicon Valley solar installer made its market debut and raised $92 million.

    The first-day pop follows a tumultuous week that saw SolarCity reduce the price range for the initial public offering from $13 to $15 a share to $8 a day before the company was to go to market.

    So basically the share price has risen to just less than the initial price that SolarCity were going to offer.

    Still, 50% is 50%, and SolarCity will be very happy.

    Well done to anyone that bought shares at the opening price of $8.

  2. #2
    Senior Member
    Join Date
    Oct 2012
    Posts
    151
    I wonder who they were trying to pay off. Follow the money!

  3. #3
    Member
    Join Date
    Jul 2012
    Posts
    32
    Thanks Cyth for highliting a good shorting opportunity. The economics just don't work for these companies. Are they receiving subsidies?
    Can anyone list any alt energy plays that actually made their investors money?

  4. #4
    Junior Member
    Join Date
    Jan 2014
    Posts
    1
    I really like it