Standard & Poors Thinks SolarCity is Investment Worthy, Should You?

SolarCity (NASDAQ: SCTY  ) got the blessing of Standard & Poor's this week. The ratings agency said that SolarCity's recent bonds are reated at a BBB+, an investment grade rating. This should actually come as a surprise for some investors because it got that rating despite not having a long credit history and it got a better rating than some of the other utility giants such as Duke Energy (NYSE: DUK  ) and Exelon (NYSE: EXC  ) .

So what does this rating actually mean for SolarCity? And how should investors interpret this news. Tune into the video below to learn why this decision could save SolarCity millions of dollars down the road, but isn't the sole reason you should invest in a company like SolarCity.

Solar City is a Long-Term Investment, but These 3 Companies are Forever Invesments

As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2738468, ~/Articles/ArticleHandler.aspx, 4/18/2014 2:42:02 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement