By Eric Wesoff
In its first statement and guidance as a public company, SolarCity (SCTY), a provider of distributed energy, announced that the company deployed 156 megawatts in 2012 compared to a planned 146 megawatts.
The 156 megawatts deployed in 2012 shows growth of 117 percent over last year's 72 megawatts. Residential deployments were 85 megawatts for FY 2012, with 30 megawatts in the fourth quarter.
CEO Lyndon Rive, in a statement, guided FY 2013 deployments at 250 megawatts -- 190 megawatts of residential and 60 megawatts in the commercial sector. It's a healthy number and will serve as a testament to the sales team at the firm if executed upon.
SolarCity's share price is trading at $13.02, close to its record high as a three-week-old public firm. SolarCity had originally intended to price its IPO at $13 to $15, but lowered the price to $8 per share.