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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
Hannah Ellington
31 Jul 15 18:58:49
Interactive Chart -> http://t.co/6cbft8hVLW $SCTY Cash from Operations is Deteriorating. http://t.co/zEBsuU5bjd
Emylers
31 Jul 15 18:49:36
XIV VelocityShares Daily Inverse VIX Short Term ETN Summary http://t.co/VBdhQXitR9 $XIV $SCTY $SVXY $ABX #XIV #tradeideas #stock
DennyT
31 Jul 15 18:49:35
XIU.TO iShares CDN S&P/TSX 60 Index Fund News http://t.co/hvs3zzE8el $XIU.TO $GPRO $SCTY $XOM #XIU.TO #pennystocks #stock
lookn4wins
31 Jul 15 18:49:34
XLE Energy Select Sector SPDR Volume http://t.co/Gj81z3YaTw $XLE $FNMA $SVXY $SCTY #XLE #stocks #pennystocks
lookn4wins
31 Jul 15 18:44:04
SCTY SolarCity Corp. Day Low http://t.co/v6T26z7B7r $SCTY $KRE $MA $JJP #SCTY #stockmarket #investing
leahanne
31 Jul 15 18:44:03
SCTY SolarCity Corp. Last Price http://t.co/6nwOAFtLMD $SCTY $TQQQ $TJX $GS #SCTY #nasdaq #share
Investors Hangout
31 Jul 15 18:43:36
SCTY SolarCity Corp. Shares http://t.co/MnxFhtDPmg $SCTY $NEM $BBH $TNA #SCTY #nasdaq #pennystocks
lookn4wins
31 Jul 15 18:43:36
SCTY SolarCity Corp. Day High http://t.co/HMf1jYSmz1 $SCTY $SWKS $WCP.TO $TLT #SCTY #pennystocks #nasdaq
Investors Hangout
31 Jul 15 18:43:05
RSP Guggenheim S&P 500 Equal Weight ETF EOD Data http://t.co/DCxuLds9L6 $RSP $RDSH $IBB $SCTY #RSP #pennystocks #finance
NASDAQStocks
31 Jul 15 18:42:18
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Investors Hangout
31 Jul 15 18:42:14
NFLX Netflix, Inc. Quotes http://t.co/zm5gVlOMnU $NFLX $INTC $UNGS $SCTY #NFLX #stocks #finance
Emylers
31 Jul 15 18:41:05
NAT Nordic American Tanker Shipping Ltd. Shares http://t.co/ebzw6pUt1f $NAT $SCTY $COST $JNJ #NAT #finance #stocks
Investors Hangout
31 Jul 15 18:40:04
KORS Michael Kors Holdings Ltd. Ask http://t.co/xEAta5X4Mn $KORS $SKX $CVX $SCTY #KORS #finance #investing
Jake13
31 Jul 15 18:34:05
CSCO Cisco Systems, Inc. Ideas http://t.co/qlS2Tbw9q0 $CSCO $SCTY $DIS $AUY #CSCO #invest #stockmarket
lookn4wins
31 Jul 15 18:33:21
BXLT Baxalta Inc. Dividend http://t.co/Q6vSmJfF3t $BXLT $IBM $SCTY $BEAT #BXLT #pennystocks #pennystocks
Stock_Tracker
31 Jul 15 18:33:12
CAT Caterpillar, Inc. Ex-Div Date http://t.co/z9kDRX1IRk $CAT $SCTY $DD $QCOM #CAT #stock #share
Nora Ford
31 Jul 15 18:25:56
IHNASDAQOMX : SCTY Seadrill Ltd. Yield http://t.co/mRJIQEZBat $SCTY $NETE $LVS $XLU #SC… http://t.co/UAUeD8JTgx) http://t.co/az3X9cD7aj
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31 Jul 15 18:23:24
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31 Jul 15 18:23:05
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Miningfinance
31 Jul 15 18:22:24
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31 Jul 15 18:17:56
Join http://t.co/7HuK9APVun to get all your #NASDAQ and #NYSE stock updates - #sourcingstocks, $AMZN, $AAPL, $GPRO, $FB, $SCTY
binaryoptionsocial
31 Jul 15 18:17:43
Fous4x2 #daytrading DVD review: http://t.co/heVQQNe0iz $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP http://t.co/XG5hVFJGig
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31 Jul 15 18:07:18
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Somanath
31 Jul 15 17:01:02
leahanneta : SCTY SolarCity Corp. Short Sales http://t.co/t5jQo5p0E5 $SCTY $LVS $SLV $U… http://t.co/lpGO0dSZAc) http://t.co/JOjRsYe6n1
PolgarStocks
31 Jul 15 16:49:03
XLE Energy Select Sector SPDR Change http://t.co/gvve8WX462 $XLE $XHB $SCTY $TRTC #XLE #share #stocks
leahanne
31 Jul 15 16:45:23
SCTY SolarCity Corp. Short Sales http://t.co/5hv5amXHeA $SCTY $LVS $SLV $UNH #SCTY #share #stockmarket
clayton
31 Jul 15 16:31:34
AIG American Intl Group, Inc. Message Board Posts http://t.co/2sf6Co63ec $AIG $INTC $DUST $SCTY #AIG #stockmarket #pennystocks
dailystockplays.com
31 Jul 15 16:22:13
ADX Uptrend http://t.co/XDn2yVWDVE $KSU $ICF $ICLR $DTE $XLY $CTXS $VTR $FIS $EGP $SCTY $PFG $VMBS $SAIA $ANIK $LPT $PODD $IMS $PGND
Walter Rumpf
31 Jul 15 15:59:05
$SCTY @solarcity i. $114M generated from contracts ii. #PACE for CA commercial iii. prepping for no ITC http://t.co/FUBMXqOpq0 @UciliaWang
StockNews
31 Jul 15 14:19:05
$SCTY - Current Report Filing (8-k) http://t.co/Ui3wqLeUGF
Solo traders
31 Jul 15 14:19:04
$SCTY - Current Report Filing (8-k) http://t.co/6Qro3FpmKN
Sec Filings
31 Jul 15 14:15:14
$SCTY: SOLARCITY CORP filed a form 8-K. http://t.co/gx7Nkyhh2K
TopFiveTraders
31 Jul 15 14:02:29
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NYSEStocks
31 Jul 15 14:00:09
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Miningfinance
31 Jul 15 14:00:03
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James DiPlata
31 Jul 15 13:59:32
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Evan J. Zimmer, MD
31 Jul 15 13:55:57
"@FlashRatingsACTIVES: $SCTY "buy" by Deutsche Bank. Brief explanation here: http://t.co/P9LGBQfoeJ"
Evan J. Zimmer, MD
31 Jul 15 13:55:39
"@Zak333: $SCTY Omg adding more"
InvestWithConf
31 Jul 15 13:48:02
$SCTY is rated BUY, 41.6% upside by Wall Street analysts based on average ratings/targets http://t.co/lzZRqT700U http://t.co/7ilxCogdTu
bored2tears
31 Jul 15 13:38:22
Elon Musk's most impressive company isn't Tesla or SpaceX. It's #SolarCity. http://t.co/C2NXTgyZ7j $SCTY #solar #stocks
CoastwiseGroup
31 Jul 15 13:31:58
SolarCity Corp's buy rating reiterated at Roth Capital. $98.00 PT. http://t.co/gSBmS7Ec7L $SCTY #SCTY
NASDAQStocks
31 Jul 15 13:30:48
RT @Sourcingstocks: Join http://t.co/7HuK9B7wlV to get all your #NASDAQ and #NYSE stock updates - #sourcingstocks, $AMZN, $AAPL, $GPRO, $FB…
Teslaliving
31 Jul 15 13:30:03
$SCTY current stock price: $58.00. #GoSolar #bot http://t.co/RsuDiUPW6p
Sourcingstocks.com
31 Jul 15 13:17:37
Join http://t.co/7HuK9B7wlV to get all your #NASDAQ and #NYSE stock updates - #sourcingstocks, $AMZN, $AAPL, $GPRO, $FB, $SCTY
StockNews
31 Jul 15 13:11:08
$SCTY - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/0jYukvu4kC
Solo traders
31 Jul 15 13:11:07
$SCTY - Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) http://t.co/EAUL5GfAP0
Breaking News Now
31 Jul 15 13:10:07
$SCTY: New SEC Filing for SCTY: Form 424B5 (No. 0001193125-15-272934): http://t.co/LVjtqQYvEZ
SEC Filings
31 Jul 15 13:09:25
NEW SEC Filing for $SCTY filed a moment ago: http://t.co/85BPmn02CH http://t.co/yKPIhfc5Ip
Stock Forums
31 Jul 15 12:49:06
UUP ProShares Ultra VIX Short-Term Futures ETF Filings http://t.co/BSVJaWwyuR $UUP $CNQ.TO $VLTC $SCTY #UUP #investing #investing
lookn4wins
31 Jul 15 12:45:35
SCTY Surge Energy Inc. % Change http://t.co/6VrJ2Riq2B $SCTY $HYG $JNK $C #SCTY #finance #stock
				
				
  +Follow October 16, 2013 11:15AM
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