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More on Solar City earnings

  • Solar City (SCTY) Q2 misses on the bottom line on higher than anticipated losses.
  • Residential megawatts deployed grew 144% Y/Y.
  • Estimated nominal contracted payments up to $1.4B.
  • Positive net cash flow of $19M.
  • Cumulative Energy Contracts signed and outstanding increased 105% over the prior year to 54,650.
  • Cumulative Customers grew to 64,411, up 97%.
  • Looking forward, the company increases its EPS loss estimates for Q3, now anticipating an EPS loss of between $0.50 - $0.60, higher than analysts expectations for a $0.38 per share loss.
  • Shares -7.6% AH.
Comments (3)
  • chopchop0
    , contributor
    Comments (3006) | Send Message
     
    Guess the Musk touch didn;t work for this earnings report
    8 Aug 2013, 09:20 AM Reply Like
  • coloneldebugger
    , contributor
    Comments (885) | Send Message
     
    Is there a stock exchange at Cedar Point? That's where Solar City should trade.
    8 Aug 2013, 09:30 AM Reply Like
  • Tony Pow
    , contributor
    Comments (5364) | Send Message
     
    Solar City will bankrupt if we let Chinese solar panels in. They cannot compete with China in prices and Europe in quality.

     

    We need protectionism.
    8 Aug 2013, 11:21 AM Reply Like
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