SolarCity (SCTY), the No. 1 U.S. residential solar installer, is expected to see a big gain in megawatts deployed, but a bigger Q3 loss than in the year-earlier quarter, when it posts its earnings after the close Wednesday. The San Mateo, Calif.-based company expects a Q3 per-share loss of 1.10-1.20 excluding items, up from a 43-cent per-share loss in the year-earlier quarter. SolarCity expects revenue of $54 million-$63 million, up 11%-30% and
SolarCity (SCTY), the No. 1 U.S. residential solar installer, is expected to see a big gain in megawatts deployed, but a bigger Q3 loss than in the year-earlier quarter, when it posts its earnings after the close Wednesday. The San Mateo, Calif.-based company expects a Q3 per-share loss of 1.10-1.20 excluding items, up from a 43-cent per-share loss in the year-earlier quarter. SolarCity expects revenue of $54 million-$63 million, up 11%-30% and
No. 1 U.S. residential solar installer SolarCity (SCTY) has begun selling “solar bonds” online to investors. The San Mateo, Calif.-based company will initially issue up to $200 million in bonds and has launched the online investment site solarbonds.solarcity.com. “We’ve created different products to meet different investors’ profiles,” SolarCity CEO Lyndon Rive told IBD. “A one-year maturity, two years, three years and a seven year, carrying