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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)

Results for SCTY
Destiny Investments
17 Apr 14 11:29:53
Fav stocks: $FB $NFLX $AAPL $GOOG $SCTY $TSLA $TWTR $DIS $AMZN plays. $FB #1 - 80s trgt & $SCTY #2 - 90s trgt .Ask cause some need pullback
Yahaira Landry
17 Apr 14 11:29:50
Awesome #Stock #Research on $SCTY $BA $DWA $CI #singedinvestor http://t.co/aAbTsr4rho
Franco Gall
17 Apr 14 11:28:11
Best research on #stocks such s $SCTY $DDS $DWA $GLD #Stock http://t.co/6DoNnVBBgq
Leonardo Person
17 Apr 14 11:25:12
$EXPD Great #Stock Newsletter on $SCTY $EIX $OPK #overvalued http://t.co/7sEGorVBRU
Elvis Cadwell
17 Apr 14 11:22:14
$PLD #Stock Market Reports on stocks like $SCTY $GIS $CADX Visit http://t.co/ipCnS8odWB
Chris Prybal
17 Apr 14 11:01:18
Call it the Elon Musk premium, as $SCTY price/sales is 28, while $SPWR p/s is only 1.3. SCTY has larger market cap despite 1/10th the sales.
Maxton Gelson
17 Apr 14 10:52:51
Should you buy, sell or hold $H $SCTY $KMPR $BWP #overvalued http://t.co/zINAwlgZbC
RiFF RAFF
17 Apr 14 10:50:53
$SCTY Technically a bullish pennant, but may breakdown. If she falls below $57, I'll short. http://t.co/KFZGJJynd3
Black Emerald Group
17 Apr 14 10:41:10
$SCTY news: @SolarCity Retained Value Redux: The #Utilities Strike Back - @SeekingAlpha http://t.co/09shoOKeFq
RiFF RAFF
17 Apr 14 10:40:05
$SCTY Is it breaks this rising support, will be a great short. http://t.co/C213tinbMm
John Clement
17 Apr 14 10:29:45
SolarCity rises as Baird upgrades, praises growth potential $SCTY http://t.co/FleV5A2wmV
Elvis Cadwell
17 Apr 14 10:23:12
$ESV #Stocks you might want to buy $SCTY $TYC $BLOX Must see http://t.co/rYChakTf94
Informer
17 Apr 14 10:23:09
$SCTY: Why SolarCity Corp. Is Ready to Rebound http://t.co/vBZkz4bWtQ
MarketCurrents
17 Apr 14 10:21:11
SolarCity rises as Baird upgrades, praises growth potential http://t.co/osKPrbqYkf $SCTY
Horacio Griffins
17 Apr 14 10:18:53
#Best #Pennystock research $SCTY $GWW $HPQ $GAIN #wallstreet http://t.co/MVLfHH7vry
InvestNTomorrow
17 Apr 14 10:17:35
Once the cost of photovoltaics drops, we think solar from companies like $SUNE and $SCTY will become a major fraction of energy production.
US_proptrader
17 Apr 14 10:16:34
$ARIA $LIVE $NEON $SCTY $SINA $SNMX $VIPS $VJET $WLT autocharts @ http://t.co/kn4mViMgNq
StockNewsNet
17 Apr 14 10:15:37
$SCTY - Why SolarCity Corp. Is Ready to Rebound -> http://t.co/g7bSCXo37y #stock #stocks #stockaction
Michael Lahris
17 Apr 14 10:10:08
$SCTY coiling up. http://t.co/pd9VLcskyb
Stock Signaling
17 Apr 14 10:01:09
25 Stocks To Watch: http://t.co/3gvJLENZtD : $TSM $SCTY $BAC $TWTR $BGC $AEM $NBG $KEG $SPRT $HBHC $EIX $GOGO $NFLX $IM $MS #mkt #spy #stock
Beleggersclub
17 Apr 14 09:42:54
17-4-2014 $SCTY BUY at $56.85 Stop: 54.77, Loss: 6.2% Target T1: 64.19, Profit: 9.9% http://t.co/vGRaokY6QN
iHangout
17 Apr 14 09:33:12
jim50: The Hunt for the Next 10 Bagger: $SCTY High DateApr 17 2014 Open57.32 High58.64 http://t.co/NWunRDJ37y
jim50
17 Apr 14 09:30:33
$SCTY High Date=Apr-17-2014 Open=57.32 High=58.64 Low=55.76 Close=57.23 Volume=2821326 http://t.co/oaXgfJrOVE
Destiny Investments
17 Apr 14 09:17:20
Troll said i'd regret buying $SCTY 2 days ago on dip. Still regretin lmao http://t.co/tSyXE3JRSq
HedgeSauce
17 Apr 14 09:11:42
Sold our Put on $SCTY and are bullish on $AIG $D $ZNGA
stefan cheplick
17 Apr 14 09:09:14
RT @SirMarket: This Massive Report Shows The Growth And Massive Potential Of Solar Energy In America http://t.co/IClcDtE43e $FSLR $TAN $SCTY
TipRanks
17 Apr 14 09:07:24
5-star analyst Ben Kallo from Robert W. Baird upgraded rating on $SCTY to BUY
lookn4wins
17 Apr 14 09:02:41
$XLU Candlesticks $XLU Most recent stock chart and technical analysis. $ACLP $SMH $KRE $INO $PGJ $SCTY http:// http://t.co/9ulEk8xLkX
lookn4wins
17 Apr 14 09:01:16
$WUBA 50 Simple Moving Average $WUBA Most recent stock chart and technical analysis. $SCTY $WYNN $VZ $MS $VWO http://t.co/UHfRUkn77s
Adaeze Cuttings
17 Apr 14 09:00:09
RT @AmericanEtrader: $AAPL Patent Programmable TouchScreen DisplaysImproved VehicleInstrumentation $INTC $MSFT $MVIS $F $TSLA $SCTY $GM $C …
Seeking Alpha
17 Apr 14 09:00:05
SolarCity Retained Value Redux: The Utilities Strike Back http://t.co/A7G0VBIdRa $FSLR $RGSE $SPWR $SUNE $SCTY
Fausto Tilley
17 Apr 14 08:53:33
Whats going on with $ADT $SCTY $ADM $DO #singedinvestor http://t.co/hdmbpfpHsK
Options Magic
17 Apr 14 08:52:38
The action in $tsla and $scty make them option traders dream. $200 calls on twitter in and out today.
Malaki Babcock
17 Apr 14 08:49:59
$ITC Get more info on $SCTY $SWKS $RT #newsletter http://t.co/J8fJk04w2Z
Rey Larson
17 Apr 14 08:45:15
Should you buy, sell or hold $TRN $NKE $SCTY $GOOG Must have http://t.co/cCrQUXhfo2
Seeking Alpha
17 Apr 14 08:43:53
SolarCity Retained Value Redux: The Utilities Strike Back http://t.co/Lap9aJ8Qe0 $FSLR $RGSE $SPWR $SUNE $SCTY
iHangout
17 Apr 14 08:39:45
danrocks: The Launch Pad: $IBB On Radar $SCTY $PHOT $MDY $XLP $ITB http://t.co/WYmzWV0x7w
busterstacks
17 Apr 14 08:38:08
RT @takingstock614: A few scalps if you want to take shot. Im sitting and waiting. L $MA vs. 74.07 stop L $SCTY vs. 57.28 stop
G
17 Apr 14 08:36:04
$SCTy $FSLR.I deleted all that crap off my screen. Stuff is bitten by these algo manipulators in a major way. U get chopped up doing those
danrocks
17 Apr 14 08:33:53
$IBB On Radar $SCTY $PHOT $MDY $XLP $ITB http://t.co/m7VP1JBrYp
Scott Redler
17 Apr 14 08:31:25
Thanks. Hope u made some “@KymLang: @RedDogT3Live nice call on $SCTY last night!”
US_proptrader
17 Apr 14 08:27:34
$IDRA $ITMN $JASO $LIVE $NEON $SCTY $TSLA $YY $Z autocharts @ http://t.co/kn4mViMgNq
TakingStock614
17 Apr 14 08:27:05
A few scalps if you want to take shot. Im sitting and waiting. L $MA vs. 74.07 stop L $SCTY vs. 57.28 stop
Ward Anders
17 Apr 14 08:18:35
Bearish or Bullish on these #stocks $LO $PPS $SCTY $AMZN Try this http://t.co/Ua0nPaKPyc
Stoxline Investing
17 Apr 14 08:17:28
$SCTY Looking for an entry for next leg up. $78.42 target price in six months. http://t.co/2TlPrLZ9lh
Kym L
17 Apr 14 08:13:14
@RedDogT3Live nice call on $SCTY last night!
InTheMoneyBitch
17 Apr 14 08:12:53
$SCTY now +7 from entry :)
Dr. Paul DeSantis
17 Apr 14 08:08:12
RT @alsabogal: .@DrPaulyDeSantis looks good, rsi + macd improving and bounce off trend line + 200d $SCTY - http://t.co/eEEdhIDFvs
lookn4wins
17 Apr 14 08:04:36
$XLF Current Price $XLF Most recent stock chart and technical analysis. $AVOP $SCTY $XLP $GE $MDY $IPCI http:/ http://t.co/BhcHlM2VVM
Al Sabogal
17 Apr 14 07:58:42
.@DrPaulyDeSantis looks good, rsi + macd improving and bounce off trend line + 200d $SCTY - http://t.co/eEEdhIDFvs
				
				
  +Follow October 16, 2013 11:15AM
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