- SolarCity (SCTY +10%) is among the biggest solar gainers on a day the Guggenheim Solar ETF is up 2.6%. A fresh rally in oil prices - WTI crude is up 3.3% to $43.89/barrel - and energy stocks appears to be helping out.
- Also: San Francisco has passed an ordinance requiring solar panels be installed on new small and mid-sized residential and commercial buildings. California is still easily SolarCity's largest market.
- Q1 results are expected in the coming weeks. Shares remain down 35% YTD, thanks in large part to February's Q4 installation miss and light Q1 guidance.