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June 18, 2014
08:57 EDTSCTYSolarCity acquisition increases intermediate risks, says RW Baird
Baird believes the acquisition of panel maker Silevo by SolarCity is incrementally positive and should reduce overall supply risks, but introduces both scale-up and integration risks. Baird said SolarCity should be valued on the volume of MW's it installs and not on profitability, as it is positioning itself for sizable cash flows in the future. The firm keeps its Outperform rating and $80 price target on the stock.
News For SCTY From The Last 14 Days
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May 5, 2015
16:41 EDTSCTYSolarCity sees Q2 EPS ($1.60)-($1.70), consensus ($1.48)
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16:38 EDTSCTYSolarCity reports Q1 EPS ($1.52) , consensus ($1.58)
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15:38 EDTSCTYSolarCity May volatility elevated into Q1 and outlook
SolarCity May weekly call option implied volatility is at 100, May is at 65, June is at 51; compared to its 90-day average of 46, suggesting large near term price movement into the expected release of Q1 results today.
15:02 EDTSCTYNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Mylan (MYL), consensus 69c... Devon Energy (DVN), consensus 26c... Pioneer Natural Resources (PXD), consensus 8c... CenturyLink (CTL), consensus 59c... Plains All American Pipeline (PAA), consensus 54c... Fiserv (FISV), consensus 86c... Electronic Arts (EA), consensus 25c... Plains GP Holdings (PAGP), consensus 14c... Agrium (AGU), consensus 34c... ONEOK (OKE), consensus 36c... Western Gas Partners (WES), consensus 44c... Digital Realty Trust (DLR), consensus $1.23... Newfield Exploration (NFX), consensus 8c... Community Health Systems (CYH), consensus 66c... SolarCity (SCTY), consensus (1.58)... Qiagen (QGEN), consensus 22c... Zillow (Z), consensus (11c)... Groupon (GRPN), consensus 1c... RenaissanceRe Holdings (RNR), consensus $2.43... Gulfport Energy (GPOR), consensus (9c)... SM Energy (SM), consensus 31c... Herbalife (HLF), consensus $1.01... Kinross Gold (KGC), consensus 0c... Myriad Genetics (MYGN), consensus 39c... Delek US (DK), consensus 10c... IAMGOLD (IAG), consensus (4c)... Halcón Resources (HK), consensus (2c).
05:55 EDTSCTYStocks with implied volatility above IV index mean; GRPN SCTY
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May 4, 2015
10:00 EDTSCTYOn The Fly: Analyst Downgrade Summary
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08:40 EDTSCTYNew Tesla products a strong positive for SolarCity SolarEdge, says Roth Capital
After Tesla (TSLA) introduced battery solutions that address home, commercial, and utility segments, Roth Capital thinks the new products lay the foundation for a new, meaningful source of value creation for SolarCity (SCTY) and SolarEdge (SEDG). The firm keeps Buy ratings on both stocks.
08:29 EDTSCTYSolarCity downgraded to Neutral from at Baird
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08:08 EDTSCTYSolarCity downgraded on changing metrics at Baird
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06:23 EDTSCTYSolarCity downgraded to Neutral from Outperform at Baird
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May 1, 2015
10:41 EDTSCTYGoldman says SolarEdge, SolarCity to benefit from new Tesla batteries
SolarEdge (SEDG) and SolarCity (SCTY) will both benefit from the launch of Tesla's (TSLA) new battery products, according to Goldman Sachs. SolarEdge develops solar power harvesting and photovoltaic monitoring solutions, including inverters, while SolarCity sells solar energy systems to businesses and consumers. BACKGROUND: Tesla last night introduced Powerwall, a suite of batteries for homes, businesses, and utilities The batteries will enable its users to store sustainable and renewable energy, to manage power demand, and provide backup power, the company stated. As a result, users of the product will be able to avoid paying peak power rates to utilities and have greater energy security, Tesla said. The company identified SolarEdge and SolarCity as its partners in the venture. ANALYST REACTION: In a note to investors earlier today, Goldman Sachs analyst Brian Lee wrote that SolarEdge was not expected to be named as a partner in the Powerwall venture. Tesla's decision to partner with SolarEdge appears to be a "significant endorsement" of the latter company's technology, according to Lee. The deal should enable SolarEdge's volumes to beat expectations as early as the second half of this year, the analyst stated. As for SolarCity, the company's sales volumes may rise 20%-40% because it will be able to sell Powerwall along with its current solar energy systems, the analyst estimated. Lee kept Buy ratings on SolarCity and SolarEdge. WHAT'S NOTABLE: Powerwall is much cheaper than expected, according to Lee. The batteries had been expected to sell for $10,000-$15,000, but the 7kWh version will cost just $3,000 ,the analyst stated. As a result, in a number of states, including California, New York, and Hawaii, the product is economically viable for residential as well as commercial solar customers, Lee believes. Meanwhile, Tesla's announcement is negative for Enphase (ENPH), which develops microinverter systems for solar energy,since it was not chosen as a Powerwall partner, according to Lee, who kept a Sell rating on Enphase. PRICE ACTION: In early trading, SolarEdge rose 8% to $27.11, SolarCtiy gained 1.4% to $60.86, Enphase was flat at $12.55, and Tesla was down fractionally to $225 per share.
08:59 EDTSCTYTesla battery plans positive for SolarEdge, SolarCity, says Goldman
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05:12 EDTSCTYSolarCity to incorporate new Tesla battery
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April 30, 2015
07:30 EDTSCTYDeutsche Bank lays out upcoming catalysts for SolarCity
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07:18 EDTSCTYGoldman's top Q1 ideas in Solar
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April 29, 2015
15:46 EDTSCTYCalifornia sets aggressive greenhouse gas reduction target, Clean Technica says
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April 28, 2015
06:16 EDTSCTYSolarCity service available in New Hampshire
SolarCity is making its popular solar service available in New Hampshire for the first time. SolarCity will make it possible for many New Hampshire homeowners to install solar with no upfront cost and pay less for solar electricity than they pay for utility power, even without including local incentives. The company can allow New Hampshire homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance, monitoring and a performance guarantee included. SolarCity plans to open an operations center in the Manchester area and has begun posting local job openings on its website.
April 23, 2015
05:56 EDTSCTYStocks with implied volatility movement; V SCTY
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April 22, 2015
07:49 EDTSCTYTesla has 'significant' opportunity in energy storage, says Deutsche Bank
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