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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)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for SCTY
Carlo Kuhrt
22 Nov 14 16:58:36
@elonmusk are you watching @BookTV and Jason Mattera rip into your publicly traded $TSLA & $SCTY?
xraystocktrader
22 Nov 14 16:08:09
Report: America could power itself 100 times over with solar energy http://t.co/7bKLtYmD7I $SCTY http://t.co/jr1hSFy4jo
Read_this_n0w
22 Nov 14 13:00:41
@elonmusk Superconducting wire next $SCON current of 730 Amps/cm at 77K http://t.co/NzH9UKqaB4 $SCTY $TSLA $CHK $EMES
The Shark
22 Nov 14 12:33:15
$TSL has earnings on Monday and I expect good things. Solar industry is hot now especially after $SCTY and $WMT big deal and $SUNE roaring.
PrivateCapBlogger
22 Nov 14 11:15:01
RT @ForTraders: SolarCity : Signs Multiyear Solar And Energy Storage Deal With Walmart http://t.co/8wXtpWTVgK $SCTY $WMT
4-traders.com
22 Nov 14 11:05:12
SolarCity : Hawaiian Electric Ink Research Agreement with NREL http://t.co/P2hTSTUgxI $SCTY $HAWEL
4-traders.com
22 Nov 14 10:05:05
Walmart to install up to 400 solar projects http://t.co/CIPpQGIPPa $WMT $SCTY $SUNE
4-traders.com
22 Nov 14 09:05:04
SolarCity : Signs Multiyear Solar And Energy Storage Deal With Walmart http://t.co/8wXtpWTVgK $SCTY $WMT
4-traders.com
22 Nov 14 07:05:02
SolarCity : teams with NREL to advance distributed solar power http://t.co/dZtF7Ujdea $SCTY $HAWEL
4-traders.com
22 Nov 14 07:05:01
SolarCity : NREL, SolarCity and Hawaiian Electric Companies to reearch solar integration into the grid http://t.co/nvHtKiFe9d $SCTY $HAWEL
Bshaum
22 Nov 14 06:57:11
RT @StockSignaling: Pre-Market Price Advances: $INTU $HIBB $EDAP $ACAD $ROST $EXXI $ADSK $TQQQ $SCTY $MPEL $XIV $EIGI $ARIA $SPLK $PLCE htt…
4-traders.com
22 Nov 14 06:05:03
Walmart Selects SolarCity (SCTY) and SunEdison (SUNE) for Massive Solar Project http://t.co/Xk8ZK8d0bC $WMT $SCTY $SUNE
Stock Signaling
22 Nov 14 06:01:14
Pre-Market Price Advances: $INTU $HIBB $EDAP $ACAD $ROST $EXXI $ADSK $TQQQ $SCTY $MPEL $XIV $EIGI $ARIA $SPLK $PLCE http://t.co/S9oPUZ8PN3
4-traders.com
22 Nov 14 05:05:05
SolarCity : Enters Solar Installation Contract with Walmart (WMT) http://t.co/VhR91ypREK $SCTY $WMT
4-traders.com
22 Nov 14 05:05:04
SolarCity : Wal-Mart Signs Solar Installation Agreement with SolarCity Corp http://t.co/il8wPYeR4y $SCTY $WMT
4-traders.com
22 Nov 14 05:05:03
Wal Mart Stores : Walmart to install up to 400 more solar PV systems over the next four years http://t.co/b2IfokQ9g6 $WMT $SCTY
4-traders.com
22 Nov 14 00:15:01
SolarCity : and Hawaiian Electric Join Forces with NREL to Advance Distributed Solar http://t.co/xhC6D5A1pq $SCTY
Thurman Barham
21 Nov 14 23:09:16
#Stock Market Reports you need on $MYL $SCTY $LII $RAX Worth a look http://t.co/oIYotinrgj
Cami Clarke
21 Nov 14 20:35:46
Is it breakout time on $DIS $SCTY $FFIV $AMZN #investing http://t.co/nuiE0UfpKa
Shaun
21 Nov 14 20:28:56
@scottyduzkno yeah mostly $TLT $BLV $JNK $BND $VCIT great ETFs for fixed income bro also long $SCTY solar bonds hahaha have you seen those?
Hilde Phipps
21 Nov 14 18:51:46
This weeks Stocks you should Watch $SCTY $PGR $SFD $BLOX #money http://t.co/GJ0gMTvlz0
Langan Stocks
21 Nov 14 18:42:37
$SCTY SCTY 55.05 Solarcity Corp is number 36 out of 100 Top trading stocks today. $SCTY +1.42 +2.65% 100 day average http://t.co/pUBvhVGCoN
Julissa Cato
21 Nov 14 18:36:55
Should you buy, sell or hold $CMI $WM $SCTY $AMZN #moneymanagement http://t.co/ZSDnjav2B4
OTPicks.com
21 Nov 14 16:20:34
http://t.co/NYsxQOU64w Emylers: $SCTY Up to date company activities and other: Emylers http://t.co/d7yfOm7xeN http://t.co/NYsxQOU64w
OTPicks.com
21 Nov 14 16:20:31
http://t.co/QkCFZ8YF3c Emylers: $SCTY Up to date company activities and other: Emylers http://t.co/Xnj33jrnfi http://t.co/QkCFZ8YF3c
Clair Voight
21 Nov 14 15:30:46
$SCTY 5 Things SolarCity Corp.'s Management Wants You to Know http://t.co/CBjCcYBS1N
Wu Weed
21 Nov 14 15:10:53
$SCTY // @SolarCity Announces New #Solar Projects With Walmart http://t.co/2YxOtadU04 wu tang
Dmitri Nabors
21 Nov 14 15:01:52
Find the next hot #pennystock $AVX $STLD $SCTY $CBM #NSE http://t.co/xI1mw3vwV6
 Ansgar John
21 Nov 14 15:00:02
@TrampolinRocket and $scty?
Fahd El
21 Nov 14 14:13:54
$SCTY also nice win glad I didnt got greedy with this mofo and used small size to try my patience on those last sells http://t.co/oLqeX9kNsX
Jonie Gallegos
21 Nov 14 14:08:59
#Stock Watchlist you should be looking at $NATI $JOE $SCTY $IBM #Stock http://t.co/1Jk1yAUHAo
Nga Craft
21 Nov 14 13:51:21
Dont want to lose like you did with $VOYA $SCTY $TRMB $ISRG Check out http://t.co/24I40HbHwK
iSENTIUM
21 Nov 14 13:46:08
iSENTIUM Post-Market Sentiment Report: Breaking alerts on $CAT, $SCTY, $MRVL, $TASR http://t.co/4FuqlvybhE
Kinetic Analyst
21 Nov 14 13:19:11
Got out a few bucks up today. Great week. Already setting aside expedition fund for December. Thanks $VA $HTZ $AAPL $CAT $SCTY $Z $YHOO $SPY
The Shark
21 Nov 14 13:12:15
Watching $HTZ and $TSL earnings on Monday. Especially with $SCTY partnering with $WMT helping solar stocks...
4-traders.com
21 Nov 14 13:05:11
SolarCity : Hawaiian Electric reach agreement to study solar interconnection issues http://t.co/PRQpwVz08N $SCTY $HAWEL
Blown Calls
21 Nov 14 12:07:13
Lotto #2: $BABA wc 112 .05 x .15 jump in last hour. Tight coil channel. #onlyplayfriday #ballsofsteel #lottoplay $SCTY #runtoclose #china
Bidness Etc
21 Nov 14 12:05:26
How Wal-Mart Is Adopting Renewable Energy http://t.co/zsLzR8eUXg $WMT $SCTY $SUNE
4-traders.com
21 Nov 14 12:05:04
Walmart announces huge solar project http://t.co/qVJ3Xf3DSj $WMT $SCTY $SUNE
bery
21 Nov 14 11:46:59
RT @InvestorWisdom: $MXWL bouncing off support $FSLR $FL $MBLY $DDD $GME $NFLX $SCTY $ZNGA $GRPN $BTU $BABA $JNUG $SUNE $WDAY $LOCO $FLEX $…
Future Tech Investor
21 Nov 14 11:44:57
$MXWL bouncing off support $FSLR $FL $MBLY $DDD $GME $NFLX $SCTY $ZNGA $GRPN $BTU $BABA $JNUG $SUNE $WDAY $LOCO $FLEX $AA $SPLK $HABT $JKS
Blown Calls
21 Nov 14 11:37:00
$SCTY Double Down point wc 56.50 .02 x .08. They are getting ready $57+ today? #ballsofsteel #onlyplayfriday #lottowinner #monsterclose
Lauren Holmes
21 Nov 14 11:33:08
$FSLR or $SCTY, which one you think is best? Read our analysis here http://t.co/VrsGMCgPOC
LetsTrade
21 Nov 14 11:23:31
$SCTY 54 puts might work after all
4-traders.com
21 Nov 14 11:05:11
SolarCity : to supply Walmart with PV facilities across US http://t.co/Q7dA00cFy9 $SCTY $WMT
Shaquita Foy
21 Nov 14 11:04:44
Dont want to lose like you did with $STLD $SCTY $ROST $IBM #wallstreet http://t.co/rMI7kqmnpA
SmallTimeInvestor
21 Nov 14 10:58:51
RT @PipsToDollars: $SCTY getting its groove back
Investors Hangout
21 Nov 14 10:53:43
Emylers: $SCTY Up to date company activities and other http://t.co/CJVpqnbf4h
Investors Hangout
21 Nov 14 10:53:42
Emylers: $SCTY Up to date company activities and other http://t.co/zsasKjnxOO
Extreme Stocks
21 Nov 14 10:51:11
Emylers: $SCTY Up to date company activities and other http://t.co/OlkaHBvlbM
				
				
  +Follow October 16, 2013 11:15AM
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