Tag Archives: scty

Solar Firms, Utilities Clash As 30% Tax Credit Fades

The solar industry and utilities are prepping for a battle on Capitol Hill over an expiring 30% subsidy that benefits the greener industry and threatens the traditional powers that be. On one side, solar energy companies — like SolarCity (SCTY), First Solar (FSLR), SunPower (SPWR), SunEdison (SUNE) and Sunrun (RUN) — say the 30% investment tax credit (ITC) has guided their fledgling industry to 1,600% growth in installations over the subsidy’s

SolarCity Swipes SunPower’s Most-Powerful-Panel Title

SolarCity (SCTY) narrowly beat rival SunPower (SPWR) in the race for the world’s most efficient solar panel, according to a test by the Renewable Energy Test Center, says SolarCity. No. 1 solar installer SolarCity’s new panel scored a module efficiency rating of 22.04% allowing it to swipe SunPower’s title, which it had held since 2013 when its X-Series tested with 21.5% efficiency. In laymen’s terms, “that means these (new SolarCity) models are

SolarCity, Canadian Solar ‘Attractive’ In Volatility

Recent solar market volatility has created “attractive buy points” for SolarCity (SCTY) and Canadian Solar (CSIQ), a Stifel Nicolaus analyst wrote in initiating coverage of the duo with buy ratings. SolarCity stock, however, was down 3.5% in afternoon trading in the stock market today while Canadian Solar stock was down 2.5%, in another down day for the overall market. IBD’s 23-company Energy-Solar group was down more than 3% Thursday afternoon.