Tag Archives: scty

SolarCity CEO Pledges To Curb Growing Losses By 2017

SolarCity (SCTY) stock sunk to a 29-month low Friday after the No. 1 residential solar installer announced deeper Q3 losses and said it expects a much lower solar-installation growth rate for 2016 than in recent years. In afternoon trading in the stock market today, SolarCity stock was down 22%, below 30, and earlier touched 28.14, its lowest price since May 2013. The last time shares were that low, SolarCity stock was still amid a growth spurt

First Solar, SunPower Shine After Earnings

Shares of First Solar (FSLR) and SunPower (SPWR) lit up Thursday after the companies posted solid earnings and guidance, but SolarCity fell. Late Thursday, solar panel maker First Solar said Q3 earnings jumped 288% vs. the year-earlier quarter and projected another 12.5% EPS growth for Q4. SolarCity (SCTY) stock, however, was down 20% in after-hours trading, after the No. 1 solar installer reported Q3 per-share losses that deepened. SunPower

SolarCity, SunPower Projected For Q3 Losses

No. 1 solar installer SolarCity (SCTY) shadowed a regular-session uptrend in IBD’s Solar-Energy industry group on Wednesday, potentially feeling heat Wall Street’s forecast for massive losses when the company reports its fiscal Q3 late Thursday. SunEdison (SUNE) stock led the way Wednesday, up 11% on news of a license deal with Solaria, a solar panel manufacturer. According to the press release, SunEdison agreed to license Solaria’s manufacturing