This is your SolarWakeup for July 29th, 2015

Growth comes in all shapes and sizes. For SolarCity it was the full stack of residential offerings and large corporates with public credit. Now comes the last remaining aspect of the US solar market, small and medium commercial. Reading between the lines, the company is looking to get into unrated and private credits. The press release is heavy on simpler technology and in-house crews but that’s only a cost item. The last SolarCity ABS still had a FICO average in the 700s and the strategy has to be more than lower costs and scale. SolarCity is planning something else to combat the financial structuring, let’s see where it goes.

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Have a great day!

Yann