SolarCity (SCTY) made its public debut on Thursday, December 13th. Shares of the solar installation firm ended their first day with gains of 47.4% at $11.79 per share.
The Public Offering
SolarCity sells renewable energy to customers at below utility rates. The "solar" firm, founded in 2006, provides solar-generated energy to prices below utility rates in long term agreements with its customers. The company appeals to customers with its "better energy" platform which lowers energy costs, focuses on long term relationships, on a high quality basis.
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