SolarCity Climbs After Forecasting Install Growth of 60%
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SolarCity Corp., the solar-power provider led by billionaire Elon Musk, rose the most since its initial public offering last month after saying installations will climb 60 percent this year.
SolarCity climbed 11 percent to $14.40 at the close in New York, the most since the shares began trading Dec. 13. The San Mateo, California-based company has increased 80 percent since it debuted at $8, and has now advanced for nine straight days.