Seeking Alpha

SolarCity opens new Nevada operations center

  • SolarCity (SCTY +1%) is expanding its presence in Nevada through the opening of its new Henderson operations center.
  • The center will serve as the company's regional hub to install solar for Nevada residents and businesses, starting this week. SolarCity has already received more than 1,500 new customers.
  • This expansion pushes SolarCity's total Nevada staff to over 640 people.
Comments (13)
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    Does anyone know how many operation centers SCTY has spread over 15 states?
    13 Aug, 11:22 AM Reply Like
  • H-Bridge
    , contributor
    Comments (55) | Send Message
     
    So many that they're not posting any profits.
    15 Aug, 08:14 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    You're right. All their profit margin is going back into the 100% YoY growth. 140k customers and climbing. I hope they don't have positive EPS for the next 4 years until they reach 1M customers in mid 2018. Stock price will be $500-$700 then.
    15 Aug, 08:18 PM Reply Like
  • mapodga
    , contributor
    Comments (2812) | Send Message
     
    640 peoples for this few solar panels.

     

    Money from the lease can't cover their salary cost.
    14 Aug, 05:23 AM Reply Like
  • GuyWhoReportstoSEC
    , contributor
    Comments (56) | Send Message
     
    More centers more expense. Plus who in the world knows how they will finance the Silevo build out, whose deal closes in the next few DAYS. They need about $1.5 billion, which they don't have, and they are highly leveraged. I'd bet they issue a secondary and dilute shares. We'll see. Look out for press releases. The moment they come out, poof goes 20% of the stock price. JMO.
    15 Aug, 01:03 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    More centers = more expenses = more growth = higher stock price.

     

    It's funny how shorts only like to look at the negative side of things instead of the whole story behind the numbers.

     

    They are not highly leveraged. What metrics are you using to determine they are "highly" leveraged?

     

    They have debt to cover the solar panels. That doesn't make them highly leveraged. Those panels produce an income that more than pays for the bond payments. They are only cash flow negative because of the huge expansion efforts and they keep acquiring companies to do that.

     

    I don't know how you expect them to cover 90% of the state of CA without field offices. The fact is, if you read the earnings report, their costs are coming down so they are getting more and more efficient as they grow due to scale. That's how WalMart does it. It's a cycle that reenforces itself as they grow. The bigger they are the more likely they are to gain customers by word of mouth advertising.

     

    They can get whatever money is needed to buy Silevo and fund the factory. I don't know why you're obsessed with some point that they cannot obtain financing.

     

    Keep shorting it.
    15 Aug, 01:17 PM Reply Like
  • H-Bridge
    , contributor
    Comments (55) | Send Message
     
    More centers = more expenses = more growth = higher risk for share dilution.
    15 Aug, 08:16 PM Reply Like
  • GuyWhoReportstoSEC
    , contributor
    Comments (56) | Send Message
     
    TheBanker/Loan Officer - you must learn how to read earnings reports. You simply must!

     

    SCTY projected HIGHER EXPENSES, 20% higher expenses for Q3 than in Q2
    SCTY projected HIGHER EPS LOSS, 20% higher loss for Q3 than in Q2
    SCTY projected LOWER REVENUES, 19% lower revenues for Q3 than in Q2

     

    Stop you endless pump on every single thread. People see your handle and they immediately ignore. If you are being paid, you should disclose.

     

    Read the SA article that you've apparently commented on until you were blue in the face at least once:

     

    http://seekingalpha.co...
    15 Aug, 04:46 PM Reply Like
  • H-Bridge
    , contributor
    Comments (55) | Send Message
     
    I've noticed that he posts within minutes of just about any negative SCTY comment day or night. When does he find time to work as a Loan Banker?
    15 Aug, 08:21 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    Of course they are experiencing higher expenses. They are growing faster than 20% a quarter! Are you really going to start your argument off with that statement first???

     

    The lower revenues is from lower sales and increased leasing customers. The Lease/PPA portion is now 68% and rising, not falling. You really are clueless. Keep studying that earnings report and come back here with more info I can gladly explain to you. Maybe I'll save you some money by helping you cover your losing short position.

     

    I'm not being paid but my account is rising thanks to all you shorts covering.
    15 Aug, 08:23 PM Reply Like
  • mapodga
    , contributor
    Comments (2812) | Send Message
     
    Thebanker,

     

    we have time and SCTY doesn't have any economic future, because its model making pure loss.

     

    When will time come and fall of stock price begin, we will be on most solar place :)
    20 Aug, 06:05 PM Reply Like
  • H-Bridge
    , contributor
    Comments (55) | Send Message
     
    See what I mean. It only took him two minutes to respond.
    15 Aug, 08:24 PM Reply Like
  • TheBanker
    , contributor
    Comments (1343) | Send Message
     
    I can respond in less than a minute if I care to. I'm reading 5 different posts.
    15 Aug, 08:25 PM Reply Like
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