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No. 1 residential installer SolarCity ( SCTY ) was poised late Monday for its fourth consecutive quarter of double-digit sales growth, but its losses were expected to widen again. The consensus of 18 analysts polled by Thomson Reuters expects SolarCity to report $108.4 million in sales, up 61%. The company, however, is seen posting an adjusted loss of $2.31 a share vs. a $1.52 per-share loss in the year-earlier quarter. SolarCity’s losses have ballooned from below 50 cents in 2013. Previously, SolarCity said it expected its adjusted loss to come in at $2.55-$2.65 a share. The company also anticipated installing 180 megawatts for the period, which would be up 26% vs. the year-earlier quarter. SolarCity stock is down 57% for the year, having crashed 34% since April 22 on reports of slow residential bookings in the first quarter. In early trading on the stock market today , shares were down 3.8% at 21.01. Stock in rival Sunrun ( RUN ) was down 1.9% to 7.36. Last year, SolarCity pledged to curb its annual 80% growth rate — aiming instead for about 40% — in order to narrow its losses. Sales grew 57% in 2015, but losses also deepened to $7.91 a share from $3.88 a share for 2014. Scalper1 News
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