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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:00 EDTSCTY, PCG, SRE, EIXSolarCity halts energy storage program in California, Bloomberg reports
About 500 SolarCity customers in California have agreed to install and connect systems that include batteries for power storage, but the state’s biggest utilities, namely PG&E (PCG), Southern California Edison (EIX) and Sempra's (SRE) San Diego Gas & Electric, have connected only 12 of them to the grid since 2011, prompting the company to halt its efforts, reported Bloomberg. A SolarCity spokesman said the company has stopped submitting applications because it has "lost faith that these things are actually going to be carried out in any reasonable time.” Reference Link
News For SCTY;PCG;SRE;EIX From The Last 14 Days
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October 22, 2014
09:53 EDTSCTYCredit Suisse Events at Solar Power International
Credit Suisse holds meetings in Las Vegas in conjunction with the Solar Power International Conference include ENPH, TSL, CSIQ, SCTY, JASO, HSOL and STRI on October 22.
October 20, 2014
11:05 EDTSCTYSolarCity appoints Jonathan Beamer as Chief Marketing Officer
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07:19 EDTSCTYJPMorgan says recent sell-off in solar space unjustified
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October 17, 2014
06:56 EDTPCGPG&E could deal with $1M penalty over PUC correspondence, LA Times says
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October 15, 2014
08:23 EDTSCTYSolarCity offers Solar Bonds to investors
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08:07 EDTSCTYSolarCity files automatic mixed securities shelf
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October 13, 2014
10:58 EDTSCTYSolarCity volatility elevated on wide price movement
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08:03 EDTSCTYSolarCity lowered pricing in California, says JPMorgan
JPMorgan says SolarCity lowered its pricing in California, implementing a fixed price of 15c per watt, down from a prior average of 17c. To reflect the change, SolarCity dropped the NPV of its average new residential deployment to $1.75 per watt from $2.19 historically, the firm notes. JPMorgan cut its Retained Value estimates and dropped its price target for SolarCity shares to $74 from $83. The firm believes the price change could be tied to the proposed compression of rate tiers in 2015, allowing the company to address a larger market. It keeps an Overweight rating on SolarCity.

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