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Solar City (SCTY) Rises on Acquisition

  +Follow October 16, 2013 11:15AM
Tickers Mentioned:

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
23 Oct 14 16:00:02
Stock Relay
23 Oct 14 15:52:20
$SCTY Volume Click Here: http://t.co/ZqUwjjdvXU Also See: $CSCO $MNKD $UPRO $TWM ~
23 Oct 14 14:00:03
Penny Stock Secret
23 Oct 14 13:31:47
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/AJZWTGD3tb .. $IESC $SCTY $CPLP
Long-Short Hedgie
23 Oct 14 12:32:54
RT @bespokeinvest: The biggest losers during the pullback have bounced back the most: http://t.co/6WfOBsXAVb $SPY $SCTY $SHLD $AAL $URI $I…
Stock Relay
23 Oct 14 11:36:14
wininstocks2014: Stock Charts: SCTY 54.30 Stock Charts $SCTY SolarCity Corp. http://t.co/z7H1Lk8x7J
23 Oct 14 11:33:27
SCTY 54.30 Stock Charts $SCTY SolarCity Corp. (NASDAQ) Last Updated: 10/23/2014 13:33:27 SCTY Stock Chart - 1 http://t.co/7KDBEYMpLa
Brynne Parrott
23 Oct 14 11:26:34
@JESMCT Thks. Reality is $SCTY really shouldn't be effected by oil since it replaces electric (coal) but mkt isn't always rational
Investors Hangout
23 Oct 14 11:20:19
DennyT: YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP http://t.co/zGx6v4i5u4
Investors Hangout
23 Oct 14 11:20:15
DennyT: YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP http://t.co/r7NDBsQyBA
Quantpost Technology
23 Oct 14 11:13:10
$SCTY News: "Enphase Energy Shines In The Solar Space $SCTY $ENPH …" http://t.co/O8N3kq082h Board view: https://t.co/84pDWtaKyy
Seeking Alpha
23 Oct 14 11:13:08
Enphase Energy Shines In The Solar Space http://t.co/3uEYzVs5CJ $SCTY $ENPH
23 Oct 14 11:06:50
YGE OTC Short Report $YGE $WLT $INTC $SCTY $HEMP Buy or Sell Opinion,TA,Open,Recent Headlines,Getting Interest http://t.co/VpCNIUnqKk
23 Oct 14 10:57:53
$SH Daily Chart $SH Most recent stock chart and technical analysis. $PCLN $EWZ $MYEC $WJA.TO $SCTY $UA http:// http://t.co/NuQPULIh4t
Becky Hiu
23 Oct 14 10:49:47
$SCTY breaking out ... haha things are not working for me today.
Investors Hangout
23 Oct 14 10:43:43
chartguy89: SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/xMoMIZ0W6j
Investors Hangout
23 Oct 14 10:43:39
chartguy89: SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/qI4dO9ETqE
23 Oct 14 10:39:05
SOXS Stock Chart $SOXS $TLT $SCTY $TWX http://t.co/3vUo3KjSy9 http://t.co/Bo8CO4z6Qe
23 Oct 14 10:00:00
Hot Stocks.NYC
23 Oct 14 09:56:27
Stocks NOT acting right: $BIDU $PG $CAB $SCTY $DECK $ZOES $UTHR | #GetRight
Becky Hiu
23 Oct 14 09:38:57
Cluster EMAs/MAs resistance here. Shorted 55/58 Nov CS long 50 puts. $SCTY http://t.co/f0VEJxMs4P
Becky Hiu
23 Oct 14 09:33:49
Commented on StockTwits: Your $SCTY didn't participate at all in this rally... I am shorting it now http://t.co/m0yHILCf20
Daily Contracts
23 Oct 14 09:23:01
Real-Time feed of company contracts, original agreements and executive updates from SolarCity $SCTY http://t.co/PcE4lYUk6i
23 Oct 14 09:22:22
$scty is setting up for a big move #tothemoon
Investors Hangout
23 Oct 14 09:17:48
DennyT: SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy http://t.co/a5kervTByg
Investors Hangout
23 Oct 14 09:17:46
DennyT: SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy http://t.co/OHcBa2PK00
23 Oct 14 09:08:16
SCTY Investopedia $SCTY $SDS $JNK $CAT $SMH Buy or Sell?,Volume,Current Price,Headlines,On Watch Stock Quote h http://t.co/HWnmHTIOi8
Jerry Efremides
23 Oct 14 09:05:46
STRATEGY ALERT: Holding onto undrprfrming $SCTY & $TWTR while the mkt makes higher highs is called #HOPE You'll also need #LUCK, so pray.
23 Oct 14 09:04:38
$ZAZA Zaza Energy Corp (ZAZA) 3.78 -0.37 (-8.92%) $BAC $FB $SCTY http://t.co/rH02HaXYP9
Brendan Oak
23 Oct 14 09:02:03
RT @InsiderWire: $SCTY | SolarCity Corpora is down 26% since we reported $8,642,575 of insider selling on 09/08/2014. Did you ... - http://…
23 Oct 14 09:01:02
$SCTY | SolarCity Corpora is down 26% since we reported $8,642,575 of insider selling on 09/08/2014. Did you ... - http://t.co/kKaAvvoXak
Stock Moo
23 Oct 14 08:55:11
$scty: Chinese solar-panel makers race to fill orders http://t.co/DsLOudzTFn
Investors Hangout
23 Oct 14 08:46:40
DennyT: V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy http://t.co/Cc4X98KaKR
Investors Hangout
23 Oct 14 08:46:39
DennyT: V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy http://t.co/ZKMhoZdEJU
Brynne Parrott
23 Oct 14 08:46:19
Beta stocks $MBLY $DDD $SCTY aren't trading well. Anybody with any insight why???
Investors Hangout
23 Oct 14 08:40:31
chartguy89: DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/l9of0QwkmL
Investors Hangout
23 Oct 14 08:40:30
chartguy89: DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/GJT6pDKINk
Gregory Bent
23 Oct 14 08:39:59
Chinese solar-panel makers race to fill orders http://t.co/BXJQbX6u7A $TAN $FSLR $SCTY $SPWR
23 Oct 14 08:31:51
V Interactive Chart $V $TZA $LAKE $MU $SCTY Buy or Sell Opinion,200 Simple Moving Average,Close,News,any other http://t.co/WNa6hDQR3Q
23 Oct 14 08:28:33
DGAZ Stock Chart $DGAZ $SCTY $NLNK $TSCO http://t.co/DtjFyoiPhN http://t.co/LOaVvUsjiw
Jerry Efremides
23 Oct 14 08:26:28
$TWTR thats 5 lower highs... 10 gets us....wha? #sell #stop #short $SCTY #momo indigestion showing ....
23 Oct 14 08:08:40
$LMT Opinion Today Click here to find out if $LMT is a buy hold or sell. Watching these stocks. $SCTY $XLB $EP http://t.co/k6GjE4Wq8C
23 Oct 14 08:08:11
On average, 14 people give $SCTY a Buy rating. 5 people think the price is headed to 75.23 (+41.14%) http://t.co/cdu5FK4Tmg
Точка Входа.Трейдинг
23 Oct 14 08:05:39
$SCTY short 52.49
23 Oct 14 08:00:00
Investors Hangout
23 Oct 14 07:52:34
clayton: $SCTY 54 http://t.co/O2JRqZKKDF
Investors Hangout
23 Oct 14 07:52:29
clayton: $SCTY 54 http://t.co/dIVu9tKFBw
23 Oct 14 07:49:59
$SCTY 54 http://t.co/A9jhf5AznY
Langan Stocks
23 Oct 14 07:49:18
$DXJ Summary Click Here: http://t.co/lMo2iQOZDH Also See: $PBR $SBOTF $SCTY $HALB ~
Investors Hangout
23 Oct 14 07:46:32
DennyT: ERBB Filings and Disclosure $ERBB $SCTY $UNG http://t.co/xl6dL2PU2J
  +Follow October 16, 2013 11:15AM



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