NEW YORK, Dec. 13, 2012 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that the trading of SolarCity (Nasdaq:SCTY), a national leader in clean energy services, commenced on The NASDAQ Stock Market® today, Thursday, December 13, 2012.
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"SolarCity's innovation is simple and powerful—they allow customers to pay less for clean solar energy than they spend on utility bills," said Bob McCooey, senior vice president, NASDAQ OMX Corporate Client Group. "We are proud to welcome SolarCity to NASDAQ, which calls itself home to the world's most innovative and progressive companies."
SolarCity has disrupted the energy industry's status quo by providing renewable energy directly to customers for less than they are currently paying for utility-generated energy. SolarCity makes it easy for customers to adopt affordable clean energy by providing a one-stop-shop for sales, financing, engineering, installation, monitoring, maintenance, and efficiency services. The company currently offers services in 14 states, and signs up a new customer every five minutes of the workday.
"Everyone wants control of their energy costs. Today, many are stuck using dirty power at unpredictable rates, but don't realize that they have a better energy option. SolarCity gives customers cleaner, more affordable alternatives to their utility bills to protect themselves from rising energy costs," said SolarCity CEO Lyndon Rive. "The most exciting thing about our IPO is that it will enable us to help even more homeowners and organizations pay less money for better energy, and we're grateful to NASDAQ for making it possible."
In celebration of its IPO on Thursday, December 13, SolarCity will build a green garden oasis directly outside the NASDAQ MarketSite in Times Square. Visitors can receive a gift from SolarCity, find their home on a satellite map and learn how much money they could save on their utility bills by switching to solar energy. The NASDAQ MarketSite is located at 4 Times Square on the corner of 43rd Street & Broadway.
Since its inception, NASDAQ OMX® has consistently been the exchange of choice for the world's most progressive companies. SolarCity joins some of the world's leading innovators by listing on The NASDAQ Stock Market®, including Apple, Google and Tesla Motors.
About The NASDAQ OMX Group, Inc:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding NASDAQ-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
CONTACT: Jennifer Knapp, NASDAQ +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
The NASDAQ OMX Group, Inc.
New York, New York, UNITED STATES
Jennifer Knapp, NASDAQ +1 212 401 8916 Jennifer.Knapp@nasdaqomx.com
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SolarCity CEO Lyndon Rive and Chairman Elon Musk
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