You have a pseudo-Tech (it's really finance) darling, not profitable in its core business presumably using stock to expand into areas beyond its core expertise in a geographic location that is probably best chalked up to crony capitalism.
We'll reserve judgement for a few more minutes.
Some of the headlines:
SolarCity in talks to build one of world's largest solar panel production plants in New York
SolarCity Unveils Aggressive Expansion Plans
SolarCity's Bold Move To Become A Solar Panel Maker
The stock is up 9.68% at $60.19.
Fade
From our May 29 post "Saaay, This "Financing Solar" Might Be for Real: SunEdison up 9% On 'Yieldco' IPO News (SUNE)"
...Finally for investors in rent-seeking organizations there is the real risk that the politicians will change the rules. Heed the words of Sen. Simon Cameron (R&D!-Pa.):
Our Hero
"The honest politician is one who when he is bought,
will stay bought."
