US: SolarCity in the red, a Chinese provider files for bankruptcy

solarcity
By Matthew Scully
25 Mar 2014

North American solar power provider SolarCity last week reported fourth quarter losses of $55m for 2013, keeping the firm $150m in the red for the year and prompting recommendations to sell from some equity pundits. But bond investors are taking note of plenty of other recent developments in the solar energy market, including a manufacturer’s bankruptcy, which could dampen demand for new solar-backed ABS.


DBRS recently asked a group of nearly 50 investors which types of esoteric ABS they would add to their portfolios over the next 12 months. Solar and renewable ABS received the smallest portion of support with just 10%.

That was a marked contrast to the popularity of esoteric ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial