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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
I LOVE HEDGE FUNDS
29 Aug 15 01:43:47
RT @UTradingFloor: $SCTY http://t.co/yG97Rr70M6
Rosner Stocks
29 Aug 15 01:30:06
$INTC Percent Change Updated Saturday, August 29, 2015 03:59:24 AM $SCO $GOOG $IWM $SCTY http://t.co/wIIKVfRr3j
Capital Market Labs
29 Aug 15 01:19:44
$SCTY Poor fundamental rating http://t.co/iVxbNpeWj4 http://t.co/PyXH1WaC0Z
IH News Desk
29 Aug 15 00:35:37
$EXEL Recent News Updated Saturday, August 29, 2015 03:11:06 AM $OWOO $TNA $NKE $SCTY http://t.co/jMxiYUuBeg
Analyst Actions
28 Aug 15 22:59:02
$SCTY: Bullish analyst action by Morgan Stanley on SolarCity: http://t.co/NpSBcrNeed http://t.co/on82RbrKDo
Capital Market Labs
28 Aug 15 21:49:21
$SCTY vs. $SPWR Head to Head http://t.co/xhwK0EfEr4 http://t.co/WitmItHuSw
clayton
28 Aug 15 21:47:14
RSX Market Vectors Russia ETF Trust Tick http://t.co/3siW5dgtAN $RSX $XLV $SCTY $ALL #RSX #stock #tradeideas
Emylers
28 Aug 15 21:46:11
SCTY SolarCity Corp. Stock Forum http://t.co/AiSKgZF9Ur $SCTY $VEU $BIIB $DMHI #SCTY #invest #nasdaq
IH News Desk
28 Aug 15 21:30:08
$UNG Financials Updated Friday, August 28, 2015 12:11:16 PM $SCTY $EFA $HZNP $SMH http://t.co/jsHE8q8dNF
Investors Hangout
28 Aug 15 19:43:05
SCTY SolarCity Corp. Summary http://t.co/5DUyCLE57U $SCTY $ITEK $INTC $AVXL #SCTY #finance #investing
Jake13
28 Aug 15 19:32:13
ADSK Autodesk, Inc. Short Sales http://t.co/SESoRcjKHM $ADSK $XME $JNUG $SCTY #ADSK #pennystocks #share
PolgarStocks
28 Aug 15 19:28:10
$DRN Stock Forum Updated Friday, August 28, 2015 10:07:16 PM $PG $SCTY $WMIH $EFOI http://t.co/jZBGfPEX7J
Rosner Stocks
28 Aug 15 19:23:13
$SBUX Stock Message Board Updated Friday, August 28, 2015 9:59:26 PM $NOG $SCTY $WMIH $IHSI http://t.co/L33bKnAj0E
Capital Market Labs
28 Aug 15 19:05:17
Interactive Chart -> http://t.co/XFmfvU0UdT $SCTY Free Cash Flow is Declining. http://t.co/aU19iI0wbg
Lucky Jimmy
28 Aug 15 18:50:38
XLE Energy Select Sector SPDR Change http://t.co/iR9JqP3Neb $XLE $TLT $GS $SCTY #XLE #investing #stockmarket
Somanath
28 Aug 15 18:50:22
IHNewsDesk : SCTY SolarCity Corp. News http://t.co/odKBL0mOvt $SCTY $CVC $UWTI $AGTHX #… http://t.co/9N72jgodV9) http://t.co/JhTPrxTX2v
Somanath
28 Aug 15 18:50:12
IHNewsDesk : SCTY SolarCity Corp. News http://t.co/NCoq0A6Jrn $SCTY $GILD $ABT $IYR #SC… http://t.co/IL1SGvGIcY) http://t.co/c8ctAwNMMM
Investors Hangout
28 Aug 15 18:50:10
XLK Technology Select Sector SPDR Day High http://t.co/MLYyKNjXoY $XLK $INO $MYEC $SCTY #XLK #share #pennystocks
IH News Desk
28 Aug 15 18:50:09
TZA Direxion Daily Small Cap Bear 3x Shares Volume http://t.co/IFoqWfVZ1M $TZA $TLT $SCTY $IWM #TZA #stockmarket #stock
IH News Desk
28 Aug 15 18:49:04
SCTY SolarCity Corp. News http://t.co/QHNeUG4Y2t $SCTY $CVC $UWTI $AGTHX #SCTY #stockmarket #share
IH News Desk
28 Aug 15 18:48:38
SCTY SolarCity Corp. News http://t.co/zvM5H6qJ0m $SCTY $GILD $ABT $IYR #SCTY #nasdaq #stockmarket
Stock_Tracker
28 Aug 15 18:47:37
TZA Direxion Daily Small Cap Bear 3x Shares Prev Close http://t.co/QceXq7fS68 $TZA $ACAD $SCTY $TRTC #TZA #invest #share
Jake13
28 Aug 15 18:47:22
SCTY SolarCity Corp. News http://t.co/MjMopMvM35 $SCTY $FB $IMPR $MS #SCTY #share #stockmarket
Rosner Stocks
28 Aug 15 18:47:13
SCTY SolarCity Corp. News http://t.co/rLXIT3NXuT $SCTY $SHAK $RIG $FTNT #SCTY #nasdaq #invest
IH NASDAQ OMX
28 Aug 15 18:47:13
SCTY SolarCity Corp. News http://t.co/oNWneV5b1Y $SCTY $BLUE $XIV $ERX #SCTY #invest #investing
clayton
28 Aug 15 18:45:34
MS Morgan Stanley Dividend http://t.co/gFijSW7TLi $MS $SCTY $AMZN $TNA #MS #invest #finance
Jake13
28 Aug 15 18:44:15
IYR Real Estate iShares Short Sales http://t.co/B5RcMPlfIH $IYR $GLD $SCTY $KHC #IYR #stock #stockmarket
IH News Desk
28 Aug 15 18:35:39
AMZN http://t.co/Us6wYugZ9X, Inc. P/E Ratio http://t.co/kqv8IgQRNR $AMZN $UA $AA $SCTY #AMZN #pennystocks #nasdaq
PolgarStocks
28 Aug 15 18:32:38
AFN.TO Ag Growth International Inc. Stock Forum http://t.co/16bFXVMFJy $AFN.TO $FCX $SCTY $FXI #AFN.TO #stocks #stock
clayton
28 Aug 15 18:32:28
ADXS Advaxis Inc. Exchange http://t.co/C0PPcNSAME $ADXS $IMPR $SCTY $SLV #ADXS #share #invest
PolgarStocks
28 Aug 15 18:26:19
$XLE Opinions Updated Friday, August 28, 2015 9:07:16 PM $CAT $TSLA $TMF $SCTY http://t.co/7d3jW1dtJD
Capital Market Labs
28 Aug 15 18:23:35
Interactive Chart -> http://t.co/KQVmXf6S0M $SCTY Research and Development is Accelerating. http://t.co/2TgMkcF0KN
Capital Market Labs
28 Aug 15 18:07:16
Interactive Chart -> http://t.co/WlQ29wsJrC $SCTY Assets are Growing. http://t.co/X47ZfUFyg6
Abby Holt
28 Aug 15 17:42:30
RT MissAbbyHolt RT MissAbbyHolt RT kshahi $SCTY signing up 14,400 new accounts per month! And they just recently started going after small …
Abby Holt
28 Aug 15 17:26:55
RT MissAbbyHolt RT kshahi $SCTY signing up 14,400 new accounts per month! And they just recently started going after small business mkt and…
Capital Market Labs
28 Aug 15 17:19:34
Interactive Chart -> http://t.co/H42BA4Ef15 $SCTY Cash from Operations is Fading. http://t.co/iNFZkj5s5z
Abby Holt
28 Aug 15 17:14:46
RT kshahi $SCTY signing up 14,400 new accounts per month! And they just recently started going after small business mkt and now internation…
KShahi
28 Aug 15 17:06:53
$SCTY signing up 14,400 new accounts per month! And they just recently started going after small business mkt and now international.
AllAboutTesla
28 Aug 15 17:06:36
RT @teslaliving: $SCTY current stock price: $52.27. #GoSolar #bot http://t.co/J4pX0fM2Oh
Capital Market Labs
28 Aug 15 16:55:13
Interactive Chart -> http://t.co/PIf5CgmR6f $SCTY Revenue is Growing. http://t.co/74ausb0m3L
DennyT
28 Aug 15 16:46:03
TIP iShares Barclays TIPS Bond Fund Last Trade http://t.co/VN5Uylm5mT $TIP $SCTY $XLV $DXJ #TIP #stock #pennystocks
Rosner Stocks
28 Aug 15 16:45:24
SCTY SolarCity Corp. P/E Ratio http://t.co/bszEUmiYjN $SCTY $IVANF $KGC $CMG #SCTY #share #nasdaq
nasdaqfan
28 Aug 15 16:40:05
ITB iShares Dow Jones U.S. Home Construction EOD Data http://t.co/T9vH788Yas $ITB $SCTY $CTLE $XLE #ITB #tradeideas #stockmarket
Russell Barbour
28 Aug 15 16:39:13
Fous4x2 #daytrading DVD review: http://t.co/snAHJttnJf $AAPL $FXCM $HIMX $ASPS $AAL $CELG $SCTY $EOPN $DEPO $PCP
Rosner Stocks
28 Aug 15 16:19:07
$OIL Reviews Updated Friday, August 28, 2015 6:59:26 PM $T $SCTY $DHI $TMF http://t.co/9np2F4b7sp
Neal Pedowitz
28 Aug 15 15:55:23
Elon Musk: The World's Raddest Man - Wait But Why http://t.co/sPBlBwnMXm $SCTY Well written essay on Musk's Multitasked Projects.
Rosner Stocks
28 Aug 15 15:51:11
XLF Financials Select Sector SPDR Last Trade http://t.co/sjNYHUAVbF $XLF $SCTY $POT $EEM #XLF #tradeideas #invest
Stock_Tracker
28 Aug 15 15:50:02
X USX-US Steel Group, Inc. Quotes http://t.co/yF344vS0LN $X $NWBO $SCTY $IWM #X #invest #share
jim50
28 Aug 15 15:45:25
SCTY SolarCity Corp. Change http://t.co/DCOHP2x1C9 $SCTY $IBB $A $MRK #SCTY #finance #tradeideas
Investors Hangout
28 Aug 15 15:45:16
SCTY SolarCity Corp. Market Cap http://t.co/vA1qnIFNxE $SCTY $WFC $JNJ $D/UN.TO #SCTY #pennystocks #invest
				
				
  +Follow October 16, 2013 11:15AM
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