Last €41.58 EUR
Change Today +0.91 / 2.22%
Volume 1.5K
0SC On Other Exchanges
Symbol
Exchange
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As of 12:16 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

solarcity corp (0SC) Snapshot

Open
€40.73
Previous Close
€40.67
Day High
€41.86
Day Low
€40.23
52 Week High
02/27/14 - €64.62
52 Week Low
04/22/13 - €15.39
Market Cap
3.8B
Average Volume 10 Days
2.0K
EPS TTM
--
Shares Outstanding
91.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARCITY CORP (0SC)

solarcity corp (0SC) Details

SolarCity Corporation designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; and energy efficiency products and services, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through direct outside sales force; door-to-door sales force; call centers; channel partner network; and robust customer referral program. The company was founded in 2006 and is headquartered in San Mateo, California.

4,262 Employees
Last Reported Date: 03/18/14
Founded in 2006

solarcity corp (0SC) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: $275.0K
Founder, Chief Technology Officer and Directo...
Total Annual Compensation: $275.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2012.

solarcity corp (0SC) Key Developments

Rigrodsky & Long, P.A. Announces a Securities Fraud Class Action Lawsuit against SolarCity Corporation

Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announced that a complaint has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities that purchased the common stock of SolarCity Corporation between March 6, 2013 and March 18, 2014, inclusive (Class Period), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers. SolarCity sells renewable energy to its customers at prices below utility rates. The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects. Specifically, the complaint alleges that the defendants concealed from the investing public that: (i) the Company lacked adequate controls over financial reporting; (ii) the Company misclassified its reported expenses; (iii) the Company's prior financial statements required restatement; and (iv) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times. As a result of defendants' false and misleading statements, the company's stock traded at artificially inflated prices during the class period.

Pomerantz LLP Announces the Filing of a Class Action Against SolarCity Corporation

Pomerantz LLP announced that it has filed a class action lawsuit against SolarCity Corporation and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 3:14-cv-01435, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired SolarCity securities between March 6, 2013 and November 18, 2014, both dates inclusive (the class period). This class action seeks to recover damages against defendants for alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the company lacked adequate controls over financial reporting; (ii) the company misclassified its reported expenses; (iii) the company's prior financial statements required restatement; and (iv) as a result of the above, the company's financial statements were materially false and misleading at all relevant times. On March 3, 2014, the company announced that it had discovered an error in its financial reporting, disclosing tens of millions in overhead expenses that it had incorrectly classified. On March 18, 2014, the Company issued a press release providing more information regarding its restatement. That same day, the company filed an 8-K report informing investors that its prior financial statements for the annual periods ended December 31, 2010, 2011 and 2012 should no longer be relied upon, "as a result of (i) an error related to the presentation of non-cash stock based compensation costs in the consolidated statement of cash flows for the portion of such costs that were capitalized as part of the costs of solar energy systems leased and to be leased; and (ii) an error related to the classification of certain of the noncontrolling interests in subsidiaries after the Company concluded that certain noncontrolling interests with redemption rights should be presented in temporary equity and not permanent equity as had previously been disclosed. These matters also impacted the 2013 interim and 2012 annual and interim consolidated financial statements referred to in Form 8-K filed on March 3, 2014.

SolarCity Corporation Appoints Jonathan K. Shulkin to the Board of Directors, Effective March 20, 2014

Effective March 20, 2014, SolarCity Corporation appointed Jonathan K. Shulkin to the company's board of directors. Mr. Shulkin will serve as a Class III director and will stand for reelection at the 2015 annual meeting of stockholders. Mr. Shulkin has also been appointed as a member of the company's audit committee. Mr. Shulkin has served as a managing director at Valor Equity Partners and investor in the company, since 2002, as its chief financial officer since 2004 and as its chief compliance officer since March 2012.

 

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0SC:GR €41.58 EUR +0.91

0SC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Solar Inc $67.32 USD -0.27
Real Goods Solar Inc $3.40 USD +0.18
Solarworld AG €38.74 EUR +2.59
SunEdison Inc $17.66 USD +0.04
SunPower Corp $26.53 USD -0.22
View Industry Companies
 

Industry Analysis

0SC

Industry Average

Valuation 0SC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 30.2x
Price/Book 8.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 22.7x
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