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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
Stock Occulus
24 Apr 14 17:35:55
Are you looking for winners like $NVR $PPS $SCTY $SSO #Stock http://t.co/zOgO41gGRo
Fin_Vestor
24 Apr 14 17:12:34
$SCTY Kilowatt Financial funds $250 million in solar projects http://t.co/DlFzimLTLJ
Sky Grady
24 Apr 14 17:10:53
$BYI Small-cap stocks making 52-wk highs $SCTY $USM $DF Visit http://t.co/r6Rpf8SwSq
Great Stockpix
24 Apr 14 16:12:42
More stocks on the watch list vid for Friday: $SODA $SCTY $CRUS $KOOL $ISR http://t.co/ZEtnvncvrj
Fish4Bucks
24 Apr 14 16:11:06
60m $SCTY Upper Trendline Pressure 60.450 #futures #stocks 10:29:27 AM http://t.co/ET3je9q1TI
Louie O'Malley
24 Apr 14 16:04:25
Stocks to Watch this week $SEIC $LMCA $SCTY $DO #investing http://t.co/Pdz8W9KHJq
Carolyn Marshall
24 Apr 14 15:48:49
@jalbertga yes agree! I will definitely be covering them both for earnings. $TSLA $SCTY
Lilly Bynum
24 Apr 14 15:47:48
Bad #Invesments like got you down $SCTY $IBM $PHM $ABX #Research http://t.co/gLK8NJYYzK
J JIMENEZ
24 Apr 14 15:15:31
Why Now Is the Time to Invest in Solar Companies - http://t.co/4Nhvgc5eko. Hint: buy $SCTY! via @themotleyfool
Susan Darlington
24 Apr 14 15:12:03
@KeeneOnMarket what is a better move $SPWR or what's left of $SCTY
The Flaneur
24 Apr 14 15:08:12
$SPWR crushes estimates, solar demand continues to grow. Our recent take: http://t.co/NGhW9BDqtC $FSLR $SCTY
Brecken Kingston
24 Apr 14 14:54:19
$G Seeking the next stock like $SCTY $USM $IGN #NSE http://t.co/EygOu29Qxh
Becky Hiu
24 Apr 14 13:56:38
Wowza. You can sell the 1/17/15 35P (40% lower) for 2 now, 7.8% annualized return for $SCTY --- !!!
Sky Grady
24 Apr 14 13:10:16
#Pennystock Research on $SCTY $SIRI $FULT $PCLN #moneymanagement http://t.co/Nwe8YycuNb
Aurelio Denialf
24 Apr 14 13:07:08
$ESV Is it breakout time on $SCTY $FITB $VFC #NASDAQ http://t.co/zmD03NTwTY
△
24 Apr 14 12:54:33
$SCTY going into close. How about a 100/ share buyout news tomorrow morning? I would "agree with that".
Fish4Bucks
24 Apr 14 12:24:21
60m $SCTY Upper Trendline Pressure 61.835 #futures #stocks 02:24:09 PM http://t.co/ET3je9q1TI
Fox Galvanes
24 Apr 14 12:11:06
Wow. Great #Stock #Research on $SCTY $ADM $AMTD $DO #money http://t.co/flffcT5RiV
Destiny Investments
24 Apr 14 10:54:48
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
Fin_Vestor
24 Apr 14 10:54:40
$SCTY Solar Is Booming, But Will Never Replace Coal. Here's Why. http://t.co/Bl8y7OmK2U
Travis Howard
24 Apr 14 10:50:29
$SCTY having a real bad day. Hoping can bounce back over $59-$60 today. All it takes is a lil momo to move it quick http://t.co/exKzE7ROs4
Fish4Bucks
24 Apr 14 10:13:36
60m $SCTY Upper Trendline Pressure 61.150 #futures #stocks 12:12:54 PM http://t.co/ET3je9q1TI
Informer
24 Apr 14 10:06:42
$SCTY: SunPower gains ahead of earnings http://t.co/5BHbNeAEx4
Fin_Vestor
24 Apr 14 09:55:04
$SCTY SunPower gains ahead of earnings http://t.co/ZOawS5XoXi
SNN Team
24 Apr 14 09:53:23
$SCTY - SunPower gains ahead of earnings -> http://t.co/PYc28Asq7a #stock #stocks #stockaction
GavinGreenberg
24 Apr 14 09:39:10
$SCTY: Solar Is Booming, But Will Never Replace Coal. Heres Why. http://t.co/r33rY2lsTn
StockNewsNet
24 Apr 14 09:30:15
$SCTY - Solar Is Booming, But Will Never Replace Coal. Heres Why. -> http://t.co/bAqskjlulo #stock #stocks #stockaction
Clinton Majors
24 Apr 14 09:29:47
$BBT Awesome #Stock #Research $SCTY $PGR $PCLN #personalfinance http://t.co/m7PBhEsIs4
Joe Ingersoll
24 Apr 14 09:24:42
RT @stockstobuy: Sorry David Einhhorn, Warren Buffett says there is no Tech bubble - $FB $YELP $TWTR $TSLA $LNKD $AMZN $NFLX $P $SCTY $AAPL…
Zack_the_Lego
24 Apr 14 09:13:27
" last week GILD put in a beautiful harami. potential bullish reversal pattern. also happened to be at weekly 50ema." $SCTY too. +hammer
Maryland Churchill
24 Apr 14 09:10:16
Looking for the next winners like $NSR $SCTY $GWW $CBM Try this http://t.co/Zgvh2qHthB
Future Tech Investor
24 Apr 14 09:00:32
$TAN broke its major downtrend line #solar is a strong buy $TSLA $FSLR $SCTY $CSUN $PLUG $NRG $GOOG $MU $FB $AAPL $TWTR $NFLX $AA $ZNGA $HPQ
Romulus Eatonue
24 Apr 14 08:54:03
$SCTY SHAREHOLDER ALERT: Brower Pi http://t.co/57NAhOOu5o
Zack_the_Lego
24 Apr 14 08:47:00
not that it helps anyone if they are snipers: buy triggers went off tuesday on the closes of $DDD, $DBA, $SCTY, $ICPT. could be fruitful
Walden Gretzky
24 Apr 14 08:39:56
#Stock Watchlist you should be looking at $ESV $SCTY $HRB $FB #investing http://t.co/HixT5lPeTu
Daniela Morosoli
24 Apr 14 08:23:19
$MNKD, $SSYS, $HOG, $MNST y $SCTY ¿Cual quieres operar en el SIC?
Major Brown
24 Apr 14 08:22:00
Should you hold or add to $INTA $SCCO $SCTY $LGND Visit http://t.co/HE3V3Xvtwd
Fin_Vestor
24 Apr 14 08:19:41
$SCTY SolarCity Corp (SCTY) EVP Sells 7000 Shares http://t.co/JSQ5SrqIbb
△
24 Apr 14 08:09:06
$SCTY green and moving back up. Dumb BTFD earlier. Still want a move back to 65-68 (MA50)
Destiny Investments
24 Apr 14 08:03:12
Holds: 10% $, $FB 10% @ 62.62 & 5% @ 61.34 5% @ 62.24 15% @ $55.58 20% 63.60 $SCTY 15% @ $63.50 5% @ $63.40 10% @ $54 5% @ $50.65
G
24 Apr 14 07:58:01
$SCTY has been the go to bounce play intra-day when it gets hit. It seems to always pop from the low in the early morning
OptionAlarm
24 Apr 14 07:24:14
$SCTY perking up. Keep an eye on it for a test of $60 and above soon.
Jeraldine Ison
24 Apr 14 07:21:15
Todays movers to research $SCTY $HCBK $ATK $DF Must have http://t.co/Oj4f0avFyt
Brady
24 Apr 14 07:13:45
Out of $SCTY @ 57.50. That prob marks the low. -$1.50
Destiny Investments
24 Apr 14 06:52:33
Holds: 10% $FB @ 62.62 & 5% @ 61.34 5% @ 62.24 15% @ $55.58 20% 63.60 10% @ $60.40 $SCTY 15% @ $63.50 5% @ $63.40 10% @ $54 5% @ $50.65
RhodaStyles
24 Apr 14 06:49:39
RT @KourtlandW: Bought $SCTY yesterday at 10 AM. Lowest RSI since September last year. Looking for MACD cross. http://t.co/90ApN1OBO2
Fish4Bucks
24 Apr 14 06:49:30
60m $SCTY 58.060 Price action Crossing Down Median Support #stocks Signals based on the Fish4Bot indicator Pl... http://t.co/r6DlnGgNAA
Esau Braxton
24 Apr 14 06:39:36
Find more winners like $SCTY $SEE $FDX $PCLN #StockMarket http://t.co/QvBXyNFNxb
Stock Signaling
24 Apr 14 06:31:22
Upgraded Stocks Active in Pre-Market: $ETFC $TQNT $AAPL $SANM $ILMN $SPWR $FXEN $SRPT $GOGO $SCTY $NFLX $ASML $JBLU $CREE $ZBRA #stocks
Hsiang kuo
24 Apr 14 06:00:22
RT @stockstobuy: Sorry David Einhhorn, Warren Buffett says there is no Tech bubble - $FB $YELP $TWTR $TSLA $LNKD $AMZN $NFLX $P $SCTY $AAPL…
				
				
  +Follow October 16, 2013 11:15AM
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