Tag Archives: scty

SolarCity Losses Escalate On Higher Costs, Stock Down

SolarCity (SCTY) was down more than 6% in early afternoon trading in the stock market today after the solar installer’s Q2 losses more than doubled and revenue fell short of analyst estimates. Still, the San Mateo, Calif.-based company said it experienced strong demand as its customer base doubled and it installed 107 megawatts of capacity, up 107% from the year-earlier quarter. The company late Thursday also said it boosted its customer lease

SolarCity EPS Loss Expected To More Than Double

After three straight quarters of accelerating revenue growth, SolarCity (SCTY) is expected to post smaller growth when it reports Q2 earnings after the close Thursday. Analysts polled by Thomson Reuters expect Q2 revenue of $63.2 million, which would be up 66% from the year-earlier quarter. This follows year-over-year sales jumps of 52%, 99% and 112% the three prior quarters. Analysts expect the company to widen its loss to 99 cents a share ex

SolarCity Seen Extending Lead As Top U.S. Installer

SolarCity is the largest solar-panel installer in the U.S., and analysts said Wednesday that they expect it to grow even bigger, allowing it to reduce component and capital costs. Canaccord’s Josh Baribeau initiated coverage on SolarCity (SCTY) with a buy rating and a 94 price target. He anticipates that the solar-panel installer’s cash flow will “increase dramatically from its high-margin contracts in the next two to three years.” Shares jumped