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