SolarCity Aims For IPO Despite BrightSource Failure

Law360, New York (May 1, 2012, 2:39 PM EDT) -- Solar panel installer SolarCity Corp. on Monday announced plans to go public, just weeks after another solar power company backed off IPO plans because of a wavering market.

In a brief statement, the San Mateo, Calif.-based SolarCity said it's waiting on the U.S. Securities and Exchange Commission to review and approve its confidential draft registration statement. After the regulator greenlights the proposal, the company can commence the offering.

The statement gave no indication of an expected price range for the stock or when it might start...
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