SolarCity, a California-based solar energy firm backed by hundreds of millions in federal grants and loans, posted $55 million in losses during 2013 and is running a deficit of more than $166 million, according to an annual financial report released this week.
Still, company officials say the future is looking sunny.
“All our states are doing extremely well and we continue to invest in every state,” said CEO Lyndon Rive in a conference call after the report was released.
TheStreet, a news service devoted to Wall Street, has rated SolarCity’s stock a D+ and urged investors to sell.
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8 comments:
Just got a mailing from these losers yesterday telling me they can save me money! Maybe they should worry about saving their own money first before giving others advise!
If the CEO thinks they are doing great then they must have expected much bigger losses. Yo Barack, can you slide me another 100 million of the taxpayers money. Thanks Dogg. No prob Bro.
OMG that is funny Joe lol
You will find all these green energy companies donated to Obama.
Between their contracts with their hopeful customers and the shell game with the numbers being kinda shady...counting on the rates to rise so and so much, and their reliance on the gubmits subsidys to keep the company going - it's another losing 'green' venture!
Another crony hole the Democrats pour our money in to.....
Solar Power is history.
The geo-engineers have already reduced the amount of sunlight which hits earth by 20%
The future does not look good for Solar Power
they are just taking their cue from Joe Biden - see how successful he is?
This stuff really doesn't even qualify as news anymore. The only way for one of these taxpayer "investments" to be news would be if they ever made enough money to pay us back.
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