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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:00 EDTPCG, EIX, SCTY, SRESolarCity 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 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
12:54 EDTPCGOptions with increasing call volume
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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.
September 29, 2015
09:26 EDTPCGWolfe Research to hold a conference
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September 25, 2015
17:51 EDTSRESDG&E asks CPUC for approval to add some 2007 wildfire costs to rates
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September 24, 2015
10:01 EDTSCTYOn The Fly: Analyst Initiation Summary
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06:14 EDTSCTYSolarCity initiated with a Buy at Stifel
Target $64.

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