Published by Jim Heaney
I have called Gov. Andrew Cuomo’s investment in SolarCity a high-risk, high-reward undertaking. The project took on an added air of risk Thursday, in light of not one, not two, but three pieces of bad news. For starters, the company disclosed it posted a net loss of $234 million in the third quarter. That’s the biggest quarterly loss in the history of the company and brings the year-to-date losses to a staggering $537 million. That puts SolarCity on track to lose more than $700 million for 2015, compared with net losses of $375 million in 2014, $152 million in 2013[...]
Posted 8 years ago