After four rocky years as a publicly traded company in the volatile renewable energy sector, SolarCity Corp (SCTY.O) may now be wading into an equally uncertain future.
With a tentative agreement to be purchased by its sister company, Tesla Motors Inc (TSLA.O), SolarCity is going all in on a strategy that some analysts say is ahead of its time: pairing solar systems with the automaker’s energy-storage batteries. The company has also said it will seek to build more solar systems for utilities – a part of the market in which SolarCity has limited experience.
