SolarCity shares up 200% since IPO

SolarCity shares jumped more than 24% on 13 May as it confirmed its expectation to become “consistently” cash flow positive by the end of the year.

Shares in SolarCity continue to confound analysts, having risen more than 200% since the California-based PV-leasing specialist went public in December.

However, some analysts warn that the recent valuation surge – up 36% in the past week – may be largely attributable to the strong results reported last week by electric car maker Tesla Motors – part of the so-called “Musk effect”.

South Africa impression Elon Musk is the co-founder and largest shareholder of both Tesla and SolarCity.

SolarCity chief executive Lyndon Rive – Musk’s first cousin – argues that typical financial Log in to read complete article.

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