SolarCity (SCTY) is an American provider of energy services, headquartered in San Mateo, California. Among its primary services, the company designs, finances, and installssolar power systems. The company has over 13,000 employees. SolarCity has grown to meet the rapidly growing installation of solar photovoltaic systems in the United States. The overall U.S. market has grown from 440 megawatts(MW) of solar panels installed in 2009 to 6,200 MW installed in 2014. SolarCity has diversified in 2014 and 2015, with the aim of lowering costs and boosting sales. Paramount Solar was purchased for $120 million in 2013. SolarCity is one of the founding members of The Alliance for Solar Choice, or TASC, which is a rooftop photovoltaic power station solar advocacy organization.
Why hasn't the below PR helped SCTY any? http://www.streetinsider.com/Corpor...Non-Recourse+Financing+Facility/11483119.html
Gordon Johnson's SolarCity Warning: Are Analysts Incorrectly Giving Company Credit For Cash It Can't Get? Gordon Johnson of Axiom Capital questioned whether the entire sell-side is incorrectly giving SolarCity Corp SCTY 10.96% credit for cash it can't access. SolarCity, whose shares have plunged 10 percent, announced a new "cash equity" transaction with John Hancock Financial to get $227 million in upfront equity. SolarCity is retaining 5 percent of the cash flows generated from the portfolio of 201MW of residential and commercial solar project cash flows to JHF over the next 20 years. Though the company retained ownership, it sold off 95 percent of its cash flows. Johnson contends that the about $346 million in cash tax-equity associated with this deal is not available to fund growth, or retire debt, as "this cash has already largely been spent to offset the CAPEX of the systems themselves." http://www.benzinga.com/node/7930714#/ixzz47iY3Zjd1
Reported after close today (5/9/16) Earnings: EPS -$2.56 Revenue $122.6M Estimates: EPS -$2.30 Revenue $105M Down 20.44% after hours
I'm in at 16.75, bottom looks like 16.50 right now set a stop loss there but im seeing 17's being tested quite a bit, will be interesting to see which way it goes
Got also some today just for fun ! Not my typical trade but we are in sup zone so may worth the risk.
Really strong close! After hours was all over the place, had me nervous but looks like it settled towards the HOD. I'm be looking for it to break $18 tomorrow, strong hammer on candlesticks.
