Tag Archives: scty

SolarCity Expenses, Seasonality Seen Impacting Q1

No. 1 residential solar installer SolarCity (SCTY) is expected to see a decline in revenue and a bigger per-share loss when its reports Q1 results after the market close Tuesday. Analysts polled by Thomson Reuters forecast a per-share loss of 1.58 excluding items, compared with an 82-cent per-share loss in the year-earlier quarter. Revenue is expected to fall 9% to $57.7 million. For Q1, SolarCity forecast lease and incentive revenue of $47 to $52

Tesla Rises As Analyst Sees Upside To Battery Launch

Shares of electric carmaker Tesla (TSLA) rose 6% to a nearly five-month high, closing at 23.54 Monday, after Deutsche Bank wrote that there might be an upside surprise in this Thursday’s new product announcement. Tesla said last week that it would unveil a home battery and utility-scale battery to help store solar power during sunless periods, which the company is already testing with solar-power installer SolarCity (SCTY) . The Street hasn’t been

Tesla Motors Stock Could Retake This Key Area Soon

The partnership between Tesla Motors (TSLA) and SolarCity (SCTY) looks to be headed to the next level. In a Tuesday email to investors and analysts, the electric carmaker indicated that it’s set to unveil a home battery and a “very large” utility-scale battery at its April 30 event. And on Wednesday, SolarCity announced a $1 billion fund to finance commercial solar energy systems, including battery storage systems. Tesla CEO Elon Musk is chairman