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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
SCTY Watcher
26 Apr 15 08:11:41
RT @NASDAQODUK: $SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/kR1R47XZBj
NASDAQ
26 Apr 15 08:06:59
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/kR1R47XZBj
john smith
26 Apr 15 08:06:39
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/ic4VCQl4ZP
StockNews
26 Apr 15 08:06:26
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/ucYrEwZVPT
Solo traders
26 Apr 15 08:06:24
$SCTY - 3 Top Stocks for Fighting Climate Change http://t.co/M3gG8WNQXm
Solo traders
26 Apr 15 07:16:42
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/KxSGgc4Y2r
NASDAQ
26 Apr 15 07:16:36
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/8Aum9gevmS
StockNews
26 Apr 15 07:16:11
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/2DXG8ccMG0
john smith
26 Apr 15 07:16:08
$SCTY - How 3 Silicon Valley Billionaires Could Change the Face of Energy http://t.co/dNVTPVdLU0
ProTradersNews
26 Apr 15 07:13:08
$SCTY: How 3 Silicon Valley Billionaires Could Change the Face of Energy: http://t.co/2I3oaN8dOG
Alexander Fernandez
26 Apr 15 05:58:47
$TSLA still confused who is going to benefit from the battery is it going to be $SCTY or TSLA?? SCTY stock has been on a tear.
StockNews
26 Apr 15 05:51:10
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/xBteAPBh6a
john smith
26 Apr 15 05:51:08
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/cjdosxyPAW
Solo traders
26 Apr 15 05:51:07
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/2TFiyuLdUj
NASDAQ
26 Apr 15 05:51:06
$SCTY - China -- Not the U.S. -- Is Leading the Solar Revolution http://t.co/t7HHOkpCgl
ThomP
26 Apr 15 04:24:00
Apple To Tesla: What To Expect In The Coming Week http://t.co/GFaByRNzen #IBDNews via @IBDinvestors $AAPL $FSLR $SPWR $TSLA $SCTY
Smaksked Skåne AB
26 Apr 15 02:11:12
DFJ - CNN: Great photos of Earth from the world's smallest satellites "doves" http://t.co/AQNo8oBuTl $TSLA $SCTY $EBAY #VC #Tech #satellite
Smaksked Skåne AB
26 Apr 15 01:57:36
DFJ - Planet Labs Nabs $95 Million... http://t.co/CIZByHB94A via @techcrunch $TSLA $SCTY $EBAY #VC #finance #Tech #doves #satelite
PennyStock Zone
26 Apr 15 01:31:38
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6esv0n $HIMX $SCTY $HAL $UUP $CRUS $ESRX
ClosingBell
25 Apr 15 22:43:15
Richie Hrncir gave $SCTY a HOLD rating & has a 100% success rate w/ an avg return of 1.13% in this sector https://t.co/9pjbKhvfLW
Mike Gonzales
25 Apr 15 22:40:40
$tsla and $scty Sell marked on multitudes of downgrades.....
Scott Spencer
25 Apr 15 19:07:16
$TSLA $218 $SCTY $60 introducing a home battery system next week that's an uninterruptible power supply in blackouts. http://t.co/bk84uTqjXJ
Stock_Huntress
25 Apr 15 18:35:33
Fous4x2 #daytrading DVD review: http://t.co/MPvfbaOUxR $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP
PennyStock Zone
25 Apr 15 17:31:28
Tip #4 How to identify a HOT SECTOR? http://t.co/WvpU6esv0n $HIMX $SCTY $HAL $UUP $CRUS $ESRX
Stocks News&Markets
25 Apr 15 16:00:13
lx21 made $14,040 on $SCTY -Check it out! http://t.co/IIVduokzzF Learn #howtotrade http://t.co/axK8SMSgo9 $EHTH $KONE $HKTV $TBI $MCP
Stock_Huntress
25 Apr 15 13:56:20
Fous4x2 #daytrading DVD review: http://t.co/MPvfbaOUxR $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP
James DiPlata
25 Apr 15 13:32:22
RT @GEQSense: Post: ‘What Me Worry?’ -> http://t.co/qpUVzcSdzA <- $aapl $nflx $tsla $eurusd $es_F $spy $googl $amzn $scty $Tsla $qqq $acad
Bryan pasaribu
25 Apr 15 13:24:14
#KCA #VoteJKT48ID Benzinga: Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA
Anthony
25 Apr 15 13:22:49
RT @Benzinga: Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA http://t.co/SEjlkbMsfz
Quantpost Technology
25 Apr 15 13:19:13
$SCTY News: "Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG …" http://t.co/wqeLcH3tqf Analyze: https://t.co/eoippl9FTG
Benzinga.com
25 Apr 15 13:19:00
Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY $TSLA http://t.co/SEjlkbMsfz
Ben
25 Apr 15 13:14:23
One more push before earnings? $SCTY http://t.co/NcV9eeghOG
Trading Alpha
25 Apr 15 13:01:38
$VRSK, $VFC, $URBN, $TSLA, $SCTY, $F, $EFX, $DPS, $DHI $NUGT $DE $CSX $CMG $AMZN $ACT $ABT $HOLX Entries and Levels:https://t.co/L2A7ASCiTU
Seeking Alpha Alerts
25 Apr 15 12:55:15
@gavin2478 $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Seeking Alpha Alerts
25 Apr 15 12:55:15
@IREEDUIRUU $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Seeking Alpha Alerts
25 Apr 15 12:55:15
@SweTechInvestor $SCTY The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cRtPSywTE6
Gavin Martinsson
25 Apr 15 12:31:46
Post: ‘What Me Worry?’ -> http://t.co/qpUVzcSdzA <- $aapl $nflx $tsla $eurusd $es_F $spy $googl $amzn $scty $Tsla $qqq $acad
igor Bracislacislav
25 Apr 15 11:40:06
RT @SeekingAlpha: The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cOWFzqLvkU $SCTY $VSLR
Bill Stoller
25 Apr 15 11:24:02
Grid Edge 20: Who Is Disrupting the U.S. Electric Market? $NRG $SBGSY $SCTY http://t.co/5BZvLAH0tJ via @benzinga #Solar #Energy #Grid
BreakingStocksNews
25 Apr 15 10:15:02
$SCTY $VSLR: The Impact Of California PUC Proposal On Solar Deployment In ...: http://t.co/W3kFBjYj2C
Víctor
25 Apr 15 10:13:49
RT @SeekingAlpha: The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cOWFzqLvkU $SCTY $VSLR
Alysia Sarkisian
25 Apr 15 10:11:05
RT @SeekingAlpha: The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cOWFzqLvkU $SCTY $VSLR
Quantpost Technology
25 Apr 15 10:07:23
$SCTY News: "The Impact Of California PUC Proposal On Solar Deployment In…" http://t.co/UkCf6WVqL4 Analyze: https://t.co/fE25AoYVEi
Long & Short Ideas
25 Apr 15 10:07:22
The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/8pKQhPWWCb $SCTY $VSLR
Seeking Alpha
25 Apr 15 10:07:21
The Impact Of California PUC Proposal On Solar Deployment In California http://t.co/cOWFzqLvkU $SCTY $VSLR
Manny Singh
25 Apr 15 09:40:49
RT @OMillionaires: Nice read on what to expect from $TSLA on Thursday from @mattdebord : http://t.co/Q0c6zeqRLl $SCTY
Manny Singh
25 Apr 15 09:40:37
@OMillionaires $twtr user growth and engagement is key and $scty abt to add calls w you maybe Tuesday announcement $scty $tsla merger lol
Dave
25 Apr 15 09:28:47
RT @OMillionaires: Nice read on what to expect from $TSLA on Thursday from @mattdebord : http://t.co/Q0c6zeqRLl $SCTY
MB North
25 Apr 15 09:28:09
RT @OMillionaires: Nice read on what to expect from $TSLA on Thursday from @mattdebord : http://t.co/Q0c6zeqRLl $SCTY
Option Millionaires
25 Apr 15 09:27:02
Nice read on what to expect from $TSLA on Thursday from @mattdebord : http://t.co/Q0c6zeqRLl $SCTY
				
				
  +Follow October 16, 2013 11:15AM
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