Earnings From SunPower, Tesla, Enphase, Plus New Funding for Sunnova, SolarCity, 1366, Siva, Nexeon

By [email protected] Big money continues to back residential solar

Residential solar leader SolarCity landed $227 million in cash equity financing from John Hancock for a portfolio of residential, commercial and industrial solar installations. According to a release, the instrument will fund 201 megawatts of generation capacity in a portfolio where residential customers have an average FICO score of 744, while commercial installations will include national-brand retailers. The projects are in 18 states, and most of the installations were completed last year.

Houston-based Sunnova, the fourth-largest residential solar energy company in the U.S., secured a $175 million warehouse credit facility from Goldman Sachs. This funding

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