Last $56.46 USD
Change Today -0.39 / -0.69%
Volume 1.6M
SCTY On Other Exchanges
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

solarcity corp (SCTY) Key Developments

SolarCity Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014.; Provides Earnings Guidance for the Fourth Quarter of 2014

SolarCity Corporation announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported non-GAAP net loss of $70.2 million, or $0.75 per share. Total Revenues were $58,343,000 against $48,600,000 a year ago. Loss from operations was $74,340,000 against $31,883,000 a year ago. Loss before income taxes was $93,622,000 against $37,787,000 a year ago. Net income attributable to stockholders was $19,236,000 against net loss attributable to stockholders of $2,103,000 a year ago. Basic and diluted income per share was $0.19 against diluted loss per share of $0.03 a year ago. Net cash used in operating activities was $22,538,000 against net cash from operating activities of $93,516 a year ago. Purchase of property and equipment was $5,810,000 against $1,934,000 a year ago. The company provided earnings guidance for the fourth quarter of 2014. The company expects Non-GAAP LPS (before Income (loss) attributable to non-controlling interests and redeemable non-controlling interests) is expected to range between $1.25 - $1.35.

SolarCity Unveils Zs Beam

SolarCity unveiled ZS Beam, a new product that allows solar panels to be attached to parking lot shading structures faster, more safely and at a lower cost than was previously possible. The newest product in SolarCity's Zep Solar line should make it possible for more businesses, schools and government organizations to build carport structures that create shaded parking and also provide solar electricity at a lower rate than electricity from their utility companies. SolarCity expects ZS Beam to significantly reduce the construction cost associated with solar carports, and SolarCity is introducing the product at a time when U.S. solar carport construction is expected to grow dramatically. A recent report from GTM Research forecasts U.S. solar carports to grow from a projected 180.2 megawatts of annual installed capacity in 2014 to a projected 317.9 megawatts in 2016; a 76% increase in two years. The carport system can pair effectively with SolarCity's ZS Peak; SolarCity's lightweight, "snap together" mounting system for commercial flat roofs that can significantly increase the number of panels that can be installed on each roof.

SolarCity Corporation to Report Q3, 2014 Results on Nov 05, 2014

SolarCity Corporation announced that they will report Q3, 2014 results at 1:30 PM, Pacific Standard Time on Nov 05, 2014

SolarCity Corporation, Q3 2014 Earnings Call, Nov 05, 2014

SolarCity Corporation, Q3 2014 Earnings Call, Nov 05, 2014

SolarCity Corporation Presents at ROTH Capital Partners Solar Symposium, Oct-21-2014

SolarCity Corporation Presents at ROTH Capital Partners Solar Symposium, Oct-21-2014 . Venue: Las Vegas Convention Center, 3150 Paradise Rd, Las Vegas, NV 89109, United States.


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SCTY:US $56.46 USD -0.39

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Company Last Change
Ameresco Inc $8.12 USD -0.05
First Solar Inc $51.53 USD +0.485
SunEdison Inc $22.71 USD +0.04
SunPower Corp $29.43 USD +0.31
Vivint Solar Inc $10.19 USD -0.48
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Valuation SCTY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 23.8x
Price/Book 8.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 17.7x

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