And,
indeed,
a
47%
pop
is
impressive
–
until
one
considers
that
the
shares
were
priced
at
$8,
compared
to
the
$14-$15
range
the
California-based
company
had
indicated
previously.
Yet
if
the
knee-jerk
triumphalism
of
such
glowing
headlines
seemed
daft,
so
too
the
backlash
has
seemed
disproportionate,
with
some
financial
writers
deeming
the
company
a
delicious
prospect
for
short-sellers.
There
are
compelling
arguments
for
the
notion
that
SolarCity
–
which
installs
PV
systems
on
residential
rooftops
at
no
upfront
cost,
sells
power
to
the
homeowner
at
a
fixed
rate,
and
takes
a
cut…
