If you live in New York, you need to know more about Solar City. If you’re in Buffalo, you’d better start paying attention. And the Buffalo News has a terrific Solar City article today, worth reading.
New York Governor Andrew Cuomo is giving $750 million bucks to the company through the Buffalo Billion, a free factory for them on the waterfront. But the company has never made money; it actually lost over a billion dollars since 2008. It’s stock is in the toilet and last week they announced they’ll cut costs and growth to try to break even.
I’m no fan of Cuomo, but I want this to succeed. Buffalo needs the 4500 jobs. A broker told me to stay away from Solar City, it’s a stinker. Sure hope he’s wrong.