By Adam Lashinsky | Fortune
If investors merely went by labels in making buy-sell decisions, SolarCity would have been doomed by its name. Companies involved in solar energy have been toxic on Wall Street of late. The culprit has been cheap solar panels from China that have whacked established manufacturers, like First Solar, and rendered stillborn well-funded startups, including Solyndra (now bankrupt) and Miasole (recently sold on the cheap). SolarCity has thrived because it buys solar panels and then installs them for its mostly residential customer base in 14 states. SolarCity markets to consumers from Home Depot stores and recently signed a deal to offer financing for installations to Honda’s U.S. customers.
In the first installment of a print version of his Connected video interview series, Fortune’s Adam Lashinsky discusses SolarCity (SCTY) with its co-founder and CEO, Lyndon Rive. A native of South Africa and serial entrepreneur, Rive founded SolarCity with his brother Peter, who is chief technology officer and head of operations. Their cousin, SpaceX and Tesla Motors CEO Elon Musk, is SolarCity’s chairman.
Rive discussed, among other things, what makes SolarCity different, the future of solar power, and the company’s success so far with Wall Street. (It went public in December.) He also explained his membership on the U.S. National Underwater Hockey Team, a real sport for which he recently traveled to Milwaukee for a competition. A lightly edited transcript of their conversation follows.
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If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com