With Jim Chanos Short, Is SolarCity The Next SunEdison? The Full Bear Case
One year ago, SunEdison was the darling of the hedge fund world. It is now bankrupt. Moments ago, Jim Chanos revealed that (in addition to Tesla) he is also short Elon Musk's SolarCity, sending the stock sliding.
But what is the bear case?
Well, courtesy of Axiom's Gordon Johnson, here are some very specific reasons why Chanos may once again have a home run on his "short" hands. Below is his "big picture" summary:
SOLARCITY CORP. (SCTY – $26.45 – SELL)