SolarCity expands Massachusetts operations to South Shore SolarCity is expanding its Massachusetts operations with a new 7,500 square foot South Shore Operations Center in Pembroke. Massachusetts Secretary of Energy and Environmental Affairs Rick Sullivan, CEO of the Massachusetts Clean Energy Center Alicia Barton, State Representative Josh Cutler and State Representative Viriato deMacedo were among the officials on hand to celebrate the expansion. The new operations center— SolarCity's second in Massachusetts—brings new jobs to the area and allows the company to keep pace with growing solar demand in the southeastern part of the state. SolarCity allows Massachusetts homeowners and businesses to immediately pay less for solar electricity than they pay for utility power. The expansion means a significant number of new jobs for the area. SolarCity currently has more than 60 open positions for the new facility—and 100 open positions across the state. Open positions include installers, sales, electricians and engineers.
SolarCity expands operations to Western Massachusetts SolarCity is expanding its solar service to Western Massachusetts with a new operations center in Agawam. The new operations center is its fourth in Massachusetts. SolarCity will initially offer service to customers of National Grid and Western Massachusetts Electric in the region. There are approximately 30 staff working out of the Western Massachusetts operations center today and the company plans to fill an additional 50 positions for the facility.
SolarCity reiterated as a top pick at Goldman Goldman reiterated SolarCity as a Conviction Buy and a top pick with an $88 price target given secular growth potential and its disruptive business model. The analyst said SolarCity's near-term improving cash flow visibility is underappreciated and sees significant upside to shares.