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Stock Market & Financial Investment News

News For SCTY From The Last 14 Days
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October 6, 2015
08:07 EDTSCTYSolarCity and TVUSD to install 6MW solar project
SolarCity and Temecula Valley Unified School District, or TVUSD, are together installing a six megawatt solar and energy storage project across 19 schools and the district's administrative office. The project, which includes energy storage systems at five sites, required no upfront investment and is expected to save the district more than $520,000 within the first year of operation alone, and $35M over 25 years by providing affordable power at a discount to utility rates. TVUSD chose a SolarCity Power Purchase Agreement, which allows the district to pay for only the power the systems produce at a fixed rate that is less than what it is currently offered by the local utility.
October 1, 2015
09:10 EDTSCTYSolarCity selloff overdone, remains a top pick at Goldman
Goldman said the selloff in SolarCity shares is overdone and remains a top pick across solar coverage. Analyst Brian Lee believes shares are poised to benefit from second half catalysts that include the November analyst day, incremental data around financing, and continued execution. Lee reiterates his Conviction Buy rating and $79 price target on shares.

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