Back in October, California solar company SolarCity has filed for an IPO of up to $201.3 million. The company currently serves customers largely along the Eastern and Western coasts, but it expects to expand on a global scale soon.
Currently, SolarCity obtains revenue from residential customers, commercial clients like Walmart (WMT) and Intel (INTC), and government organizations. Founded in 2006, SolarCity has established a presence in more than 33,000 buildings to date.
By Swagato Chakravorty