SolarCity Corporation

About SolarCity Corporation (adapted from SolarCity Corporation prospectus):
SolarCity sells renewable energy at prices below utility rates. Their long-term agreements generate recurring customer payments and position them to provide their customers with other energy products and services that further lower their energy costs. Most of their customers agree to a 20-year contract term, positioning SolarCity to provide them with additional energy-related solutions during this relationship to further lower their energy costs. At the end of the original contract term, SolarCity intends to offer our customers renewal contracts. They generate revenue from a mix of residential customers, commercial entities such as Walmart, eBay and Intel, and government entities such as the U.S. Military.

This description is adapted from SolarCity Corporation prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..