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SolarCity (SCTY +3.4%) is rallying, possible aided by a GTM Research report that predicts huge...
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Monday, February 11, 10:57 AM ETSolarCity (SCTY +3.4%) is rallying, possible aided by a GTM Research report that predicts huge growth in the market for residential solar leases. Thanks to arrangements such as those offered by SolarCity - free/low-cost panel installations in exchange for electricity purchase commitments - GTM sees the U.S. residential solar market growing to $5.7B in 2016 from $1.3B in 2012. However, the bulk of SolarCity's installations (on a MW basis) involve commercial clients.
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