Sep 17
2015
Heaney talks SolarCity on Capitol Pressroom
The state’s investment of $750 million to build and equip a solar panel manufacturing plant for SolarCity is a high-risk, high-reward proposition, Investigative Post Editor Jim Heaney told Susan Arbetter of The Capitol Pressroom on Thursday. Heaney noted the company’s sagging financial fortunes and continuing concerns in the investment community over SolarCity’s long-term prospects. He noted a recent story in an investment trade journal that concluded the plant is shaping up as a “white elephant.” Heaney also pointed out that SolarCity is on track to post record losses this year; the company finished the first half of this year $303 million[...]