Last $55.05 USD
Change Today +1.42 / 2.65%
Volume 3.2M
SCTY On Other Exchanges
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

solarcity corp (SCTY) Snapshot

Open
$56.76
Previous Close
$53.63
Day High
$56.94
Day Low
$54.82
52 Week High
02/26/14 - $88.35
52 Week Low
11/26/13 - $42.38
Market Cap
5.3B
Average Volume 10 Days
2.7M
EPS TTM
$-0.31
Shares Outstanding
96.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOLARCITY CORP (SCTY)

solarcity corp (SCTY) 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 (SCTY) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $276.1K
Co-Founder, Chief Technology Officer and Dire...
Total Annual Compensation: $276.1K
Chief Operations Officer
Total Annual Compensation: $175.0K
Executive Vice President of Process Engineeri...
Total Annual Compensation: $101.2K
Chief Revenue Officer
Total Annual Compensation: $83.7K
Compensation as of Fiscal Year 2013.

solarcity corp (SCTY) Key Developments

Wal-Mart Selects SolarCity Corporation and SunEdison, Inc. to Install Up to 400 New Solar Projects at Facilities Across the Nation

Walmart announced that the company will install up to 400 new solar projects at facilities across the nation over the next four years. This advances the company's global commitment to drive the production or procurement of seven billion kWh of renewable energy by the end of 2020 and its goal to be supplied by 100% renewable energy. To facilitate these installations, Walmart selected proposals from two preferred solar energy providers, SolarCity and SunEdison, following an RFP process. Working with numerous solar providers, Walmart has installed approximately 260 solar projects to date in the United States. Walmart's commercial solar deployment is now 105 MW, more than double the capacity of the next large business. This has saved more than $5 million in energy expenses, demonstrating that Walmart can keep costs low for customers while reducing environmental impact. The installations will vary in size, commensurate with the respective store or facility. It is expected that smaller systems will provide 10% to 20% of the facility's electricity requirements and larger systems will provide 20% to 30% of the power needed by the facility.

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.

 

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SCTY:US $55.05 USD +1.42

SCTY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Ameresco Inc $8.08 USD +0.04
First Solar Inc $49.76 USD +0.33
SunEdison Inc $22.86 USD +0.74
SunPower Corp $29.41 USD +0.32
Vivint Solar Inc $10.87 USD +0.12
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Industry Analysis

SCTY

Industry Average

Valuation SCTY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 22.3x
Price/Book 7.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 11.7x
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