On Friday, SolarCity Corp (NASDAQ:SCTY)’s shares declined -0.48% to $58.25.
SolarCity Corp (SCTY) declared a partnership with Bank of America (NYSE:BAC) for a $200 million tax equity investment program that will enable community banks and smaller investors to finance the company’s residential solar systems.
The program, which BofA is set to manage, will be used to assist homeowners finance rooftop solar installation with no upfront costs, repaying the loans with low monthly payments over 20 years or so.
The new fund will enable regional banks and smaller corporations to contribute $20 million to $25 million in financing, a smaller investment than had been required.
SolarCity stock was up more than 1%, near 62, in early afternoon trading on the stock market recently.
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators.
Edison International (NYSE:EIX)’s shares dropped -1.97% to $57.68.
Edison International (EIX) is furnishing this Form 8-K/A for the sole purpose of providing corrections to the presentation used in connection with the conference, which is furnished with this report on amended Exhibit 99.1. No other changes to the Original 8-K have been made. Exhibit 99.1 is amended by correcting the Southern California Edison Company (“SCE”) Historical Rate Base, Rate Base Forecast, and Capital Expenditures Forecast slides of the presentation to add the correct dollar amounts at top of certain columns. SCE’s historical rate base, rate base forecast, and capital expenditures forecast are not otherwise being changed or amended. The updated version of Exhibit 99.1 is attached hereto and supersedes Exhibit 99.1 to the Original Form 8-K in its entirety.
The information furnished in this Item 7.01 and Exhibit 99.1 shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933.
Edison International, through its auxiliaries, generates and supplies electricity. The company generates electricity through hydroelectric, diesel, natural gas, nuclear, and photovoltaic sources.
At the end of Friday’s trade, Ocular Therapeutix Inc (NASDAQ:OCUL)‘s shares dipped -2.67% to $21.52.
Ocular Therapeutix Inc (OCUL) declared recently the pricing of an underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $22.00 per share, before underwriting discounts. The offering comprises of 3,200,000 shares being sold by the Company and 800,000 shares being sold by certain stockholders of the Company. In addition, the selling stockholders have granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 600,000 shares of the Company’s common stock at the public offering price, less the underwriting discount. Ocular Therapeutix will not receive any proceeds from the sale of shares by the selling stockholders.
Morgan Stanley, Cowen and Company and RBC Capital Markets are acting as joint book-running managers for the offering. Nomura and BTIG are acting as co-managers for the offering.
The offering is predictable to close on or about June 10, 2015, subject to customary closing conditions. A registration statement regarding these securities was declared effective by the Securities and Exchange Commission on June 4, 2015.
Ocular Therapeutix, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapies for eye diseases and conditions using its proprietary hydrogel platform technology in the United States. It markets ReSure Sealant, a topical liquid hydrogel that creates a sealant to prevent post-surgical leakage from clear corneal incisions during cataract surgery.
American Homes 4 Rent (NYSE:AMH), ended its Friday’s trading session with -1.38% loss, and closed at $16.48.
American Homes 4 Rent (AMH) declared that the Company will make a presentation at NAREIT REITWeek 2015 in New York at the New York Hilton Midtown on Tuesday, June 9, 2015, at 3:45 pm to 4:15 pm (EDT). The presentation will be webcast and will be accessible on the Company’s website at www.americanhomes4rent.com under the For Investors tab on the day of the conference. A Replay of the webcast will be accessible through June 23, 2015.
American Homes 4 Rent is a real estate investment trust. The firm engages in the acquisition, renovation, leasing, and operating single-family home rental properties in the United States. American Homes 4 Rent was founded in 2012 and is based in Malibu, California.
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