SolarCity issues smaller than expected $70m ABS

SolarCity’s hotly-anticipated second securitization fell short of analysts' expectations in terms of size, and priced not far off from its $54m November deal. The deal should help forge a path for other solar issuers — but some observers said they had hoped for a more impressive result and SolarCity equity investors' marked the stock down 5.5% by mid-afternoon on Thursday.