SolarCity Q4 Earnings Report Delay Hits Stock

By | February 24, 2014

Scalper1 News

SolarCity spooked investors late Monday, delaying its full Q4 earnings report until March 3, though the solar installer’s revenue did beat Wall Street expectations. The company said the delay stems from accounting related to recent acquisitions “as well as a change in overhead allocation owing to an increase in the volume of MW (megawatts) deployed.” It also said it expects to install 78 to 82 MW in Q1, up 74% year over year but Scalper1 News

Scalper1 News