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Solar City (SCTY) Rises on Acquisition

  +Follow October 16, 2013 11:15AM
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Shares of the solar panel installation outlet SolarCity Corporation (SCTY) continued their ascent on Oct 16 after the company revealed they had acquired rival Zep Solar. This comes just a few days after the company raised guidance and announced they expected installations to increase 80 percent in 2014.

The sunny projections coupled with the Zep Solar buyout sent SolarCity’s stock to its all-time high. The company’s shares have risen 290 percent on the year, as SolarCity has become arguably the hottest stock in the tech sector.

This is unsurprising, as SolarCity is the brainchild of wunderkind industrialist/Wall Street golden child Elon Musk. Musk is both the Chairman of SolarCity and the CEO of electric carmaker Tesla Motors (TSLA) , whose shares have risen a whopping 443 percent this year.

The growth potential of SolarCity is beginning to dawn on investors, who have been increasingly flocking to the stock like moths to a solar-powered lightbulb. Volume on Oct 16 was four times what it normally is, with just under 12 million shares trading hands as of midday.

Particularly attractive to investors is SolarCity’s growing customer base, which increased from right over 50,000 at the end of the fourth quarter of 2012 to an estimated 82,000 as of Sept. 30.

Whether SolarCity’s shares are due to come back to Earth or are still yet to reach their apex will become clear as day when the company releases its earnings report the first week of November.

Shares of the San Mateo, Ca.-based company rose 12 percent in early trading to hit  $52.16 a share.

 

(image courtesy of Wikimedia Commons)

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Results for SCTY
je
6 Jul 15 15:57:55
One day, who the F knows but one day solars won't be associated with oil. $USO $FSLR $SCTY $SUNE
Love the Forest
6 Jul 15 15:47:00
RT @SleekMoneycom: SolarCity Corp CFO Buys $329,220.00 in Stock $SCTY http://t.co/X8MxCQjXYl
ARK Indu Innovation
6 Jul 15 14:22:00
$SCTY to bundle their panels with $TSLA's powerwall in California. http://t.co/uvXymTT1bg
SCTY Watcher
6 Jul 15 13:40:03
RT @teslaliving: $SCTY current stock price: $51.72. #GoSolar #bot http://t.co/obcuLBpFUz
Steve Key
6 Jul 15 13:31:48
RT @teslaliving: $SCTY current stock price: $51.72. #GoSolar #bot http://t.co/obcuLBpFUz
Teslaliving
6 Jul 15 13:30:02
$SCTY current stock price: $51.72. #GoSolar #bot http://t.co/obcuLBpFUz
Capital Market Labs
6 Jul 15 12:58:37
Interactive Chart -> http://t.co/OVpRhenOoI $SCTY Assets are Expanding. http://t.co/hddLJF7Ube
Stock_Huntress
6 Jul 15 12:29:32
$CELG $SCTY $EOPN $DEPO $PCP
Lin/林莹君
6 Jul 15 11:50:28
Commented on StockTwits: Buyer shall wait right time & right price. $UWTI $UCO $CSIQ $SCTY $TAN $TSL these ticker... http://t.co/5kyAtVo9nv
LSValue
6 Jul 15 11:49:04
Solar stocks irrationally taking a hit on down Oil prices again. $FSLR, $SUNE, $SPWR, $SCTY
Neal Pedowitz
6 Jul 15 11:06:07
ECC creating new courses to capitalize on SolarCity’s development | http://t.co/B8GeDh55QG $SCTY - Staying Power = $ http://t.co/K400Xks4qg
Stockoptionexpert
6 Jul 15 11:05:25
Weakest sector solar again posted last week $fslr -2.5% $scty -1.3% $sune $jaso -8%$yge -6% $tan
Capital Market Labs
6 Jul 15 10:24:17
Interactive Chart -> http://t.co/M8To47Vqvv $SCTY Research and Development is Growing. http://t.co/FzAJAyKr9u
Russell Barbour
6 Jul 15 10:16:31
$CELG $SCTY $EOPN $DEPO $PCP
Plugin Electric CB
6 Jul 15 08:32:36
#SolarCity Launches Its California Energy Storage + Solar Offering http://t.co/kGYoO8voBQ $SCTY
Derek Foreal
6 Jul 15 08:02:17
SolarCity Corp Stock Has 75% Upside: Merrill Lynch http://t.co/aS5kW7uoB5 $SCTY
StockReadBot
6 Jul 15 07:53:43
$SCTY
US_proptrader
6 Jul 15 07:53:35
$DNR $EXXI $KITE $OSUR $RGSE $SCTY $SDRL $SFY $SGY autocharts @ http://t.co/cLiki3R0GR
dmackdaddy
6 Jul 15 07:49:23
#SolarCity Corp Homebuilding Program’s New Offering Includes #Tesla Motors Inc Powerwall Battery http://t.co/OY9VoRHBVw $SCTY $TSLA
wsnewspublishers
6 Jul 15 07:13:27
Pre- Market News Review: http://t.co/mgwwK0CZzj $TAHO $SCTY $CBG $ENDP
binaryoptionsocial
6 Jul 15 07:04:27
$SPX bouncing up to 3% from top trend line, interesting to see if it bounces or penetrates. $SCTY $AMBA $TWTR http://t.co/XG5hVFJGig
binaryoptionsocial
6 Jul 15 07:04:27
$SPX bouncing up to 3% from top trend line, interesting to see if it bounces or penetrates. $SCTY $AMBA $TWTR http://t.co/RBfA8LcTJ0
Juan Macias
6 Jul 15 06:56:11
$SPX bouncing up to 3% from top trend line, interesting to see if it bounces or penetrates. $SCTY $AMBA $TWTR
Juan Macias
6 Jul 15 06:39:02
$SCTY moving lower despite Nasdaq bouncing up higher, trying to complete dwn cycle....
Gr8wklyoptions
6 Jul 15 05:47:24
$SCTY $SLB $SNDK $SPY $TLT $TSLA $TWTR $USO $V $VXX $WBA $XOM $YHOO
Capital Market Labs
6 Jul 15 03:38:15
Interactive Chart -> http://t.co/Guyn9VG3cM $SCTY Revenue is Increasing. http://t.co/bWRELZCPPj
Capital Market Labs
6 Jul 15 03:24:15
Interactive Chart -> http://t.co/tDOcbalBZg $SCTY Cash from Operations is Shrinking. http://t.co/Yd8vLCSZby
stockschamp
6 Jul 15 01:21:56
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/8WvnrVmkBS .. $IESC $SCTY $CPLP
Capital Market Labs
5 Jul 15 23:44:32
Interactive Chart -> http://t.co/iQEkcHUKXW $SCTY Free Cash Flow is Fading. http://t.co/CfgUnrZlgK
Penny Stock
5 Jul 15 23:41:18
$CELG $SCTY $EOPN $DEPO $PCP
StockNewsWires
5 Jul 15 20:14:04
$SCTY: Company Shares of SolarCity Corporation Drops by -6.43%: http://t.co/yIDkz6qow3
InvestWithConf
5 Jul 15 20:11:02
$SCTY is rated BUY, 55.3% upside by Wall Street analysts based on average ratings/targets http://t.co/lzZRqT700U http://t.co/mq2WxMynzR
Disclosure Insight™
5 Jul 15 13:28:02
SolarCity had an undisclosed SEC accounting probe in 2014 we think should have been disclosed. Doc posted. $SCTY http://t.co/4w7PaVT0zL
Capital Market Labs
5 Jul 15 12:58:11
Interactive Chart -> http://t.co/OVpRhenOoI $SCTY Assets are Expanding. http://t.co/SWrT89d0Pl
Sufiy
5 Jul 15 12:52:01
RT @SeekingAlpha: The Rooftop Solar Arena Is Heating Up http://t.co/Qddrc8BvWc $NRG $RUN $SCTY $SUNE $VSLR
SCTY Watcher
5 Jul 15 10:33:14
RT @CMLviz: Interactive Chart -> http://t.co/M8To47Vqvv $SCTY Research and Development is Growing. http://t.co/aRkd7sFoDx
Capital Market Labs
5 Jul 15 10:22:28
Interactive Chart -> http://t.co/M8To47Vqvv $SCTY Research and Development is Growing. http://t.co/aRkd7sFoDx
TradeAlerts
5 Jul 15 08:04:34
$CELG $SCTY $EOPN $DEPO $PCP
Capital Market Labs
5 Jul 15 03:36:24
Interactive Chart -> http://t.co/Guyn9VG3cM $SCTY Revenue is Increasing. http://t.co/AA8IvklV0O
Capital Market Labs
5 Jul 15 02:34:05
Interactive Chart -> http://t.co/tDOcbalBZg $SCTY Cash from Operations is Shrinking. http://t.co/VvMgmpS6ZH
Capital Market Labs
4 Jul 15 23:42:22
Interactive Chart -> http://t.co/iQEkcHUKXW $SCTY Free Cash Flow is Fading. http://t.co/jf4xTTiL8D
Breaking News
4 Jul 15 23:39:02
$SCTY: The Rooftop Solar Arena Is Heating Up: http://t.co/qeMtyD10Li
Quantpost Technology
4 Jul 15 23:32:00
$SCTY $SUNE News: "The Rooftop Solar Arena Is Heating Up $NRG $RUN $SCTY $SUNE …" http://t.co/nZHGojwjkW Analyze: https://t.co/hxY9LtS26H
Quantpost Utilities
4 Jul 15 23:32:00
$NRG News: "The Rooftop Solar Arena Is Heating Up $NRG $RUN $SCTY $SUNE $VSLR" http://t.co/ZpIdEh92tR Analyze: https://t.co/dZA9EbogE1
Quick Stock Ideas
4 Jul 15 23:31:59
The Rooftop Solar Arena Is Heating Up http://t.co/XQBfzRvrq3 $NRG $RUN $SCTY $SUNE $VSLR
Seeking Alpha
4 Jul 15 23:31:58
The Rooftop Solar Arena Is Heating Up http://t.co/Qddrc8BvWc $NRG $RUN $SCTY $SUNE $VSLR
Penny Stock
4 Jul 15 20:58:31
$CELG $SCTY $EOPN $DEPO $PCP
Capital Market Labs
4 Jul 15 19:44:21
$SCTY Trade Card -> http://t.co/iVxbNpeWj4 http://t.co/OuhuNXyT4D
nasdaqfan
4 Jul 15 18:51:09
XLY Consumer Discretionary Select Sector SPDR Investor Opinions http://t.co/4cbmOSVvq4 $XLY $SCTY $O $LVS #XLY #stocks #share
IH NASDAQ OMX
4 Jul 15 18:51:09
XIV VelocityShares Daily Inverse VIX Short Term ETN 52Wk High http://t.co/y1ulvpEUoG $XIV $NTEK $SCTY $UCO #XIV #share #finance
				
				
  +Follow October 16, 2013 11:15AM
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