Design, installation, and financing of solar for residential and commercial customers.
Application
Turnkey solar and efficiency solutions for homes and businesses.
Location
San Mateo, CA
Web Address
www.solarcity.com
SolarCity is an innovative, full service solar installation company. SolarCity takes the residential and commercial customers through design, installation and financing of solar systems. SolarCity also sells electricity generated by solar. Other products and services include home energy evaluation, energy efficiency upgrades, electric vehicle charging and energy storage.
***STOCK ALERT***
Date
Event
More Info
8/9/2014
SolarCity posts a mixed earnings report, with quarterly revenues flat, profits up, and net losses doubling. Next quarter’s guidance comes in below analyst estimates. SCTY falls 7% on the largest one-day volume in over a month, and is 19% below its highs reached earlier this year.
Value Walk
6/18/2014
SolarCity announces acquisition of solar cell and module manufacturer Silevo Inc for $350 million. SCTY trades way up on largest one-day volume ever, soaring 23% in two days.
SEC Form 8-K
5/7/2014
SolarCity earnings report shows large increase in revenues. Net income and EPS both fall, but come in above analyst estimates. SCTY drops 9% on the news, and is down 45% from its highs reached in February.
Earnings transcript
4/24/2014
Google teams up with SolarCity competator SunPower to finance $250 million of residential solar lease projects. SPWR jumps 7% for the day on high volume, and is up 157% in 12 months.
SunPower press release
4/2/2013
SolarCity added to Russell 2000®, Russell 3000®, and Russell Global® Indexes. Stock jumps 3% in one day on the news, and is up 57% in the past three months.
CNBC article
View the full SCTY chart at Wikinvest
IMPORTANT INFORMATION
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions. See Terms of Use for more information.
*Hypothetical gain from portfolio recommendations from inception. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities contained within this list. Always consult your financial professional before investing.
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