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SolarCity Corp.

5/21/2013, 10:15 PM ET

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Tuesday, May 21, 12:59 PM Five of 2013's biggest tech high-flyers - SolarCity (SCTY -10.1%), Himax (HIMX -6%), UniPixel (UNXL -9.1%), SunPower (SPWR -5.2%), and Ubiquiti (UBNT -4.4%), are seeing heavy losses today. Netflix (NFLX -0.9%), another big 2013 winner, is down moderately. Is this a sign tech momentum investors are looking to take some cash off the table? YTD gains: SCTY +287%. HIMX +200%. UNXL +72%. SPWR +282%. UBNT +56%. NFLX +156%. Comment! [Tech, On the Move]
Tuesday, May 21, 12:47 PM Midday top 10 gainers: SDBT +75%. LEDS +26%. PTIX +25%. FXEN +25%. BDL +23%. YGE +20%. SCOK +18%. PEIX +18%. JRCC +15%. CCIH +14%.
Midday top 10 Losers: IEC -21%. BVX -15%. EFUT -15%. HGG -13%. UNXL -11%. SCTY -10%. BORN -10%. RSOL -9%. HNP -9%. IGTE -9%. Comment! [On the Move]
Monday, May 20, 10:45 AM JA Solar (JASO +34.4%) is now skying higher following its Q1 beat and full-year shipment guidance reiteration, and is providing fresh fuel for the colossal solar stock rally that started last fall (TAN +4.4%). TSL +13.3%. DQ +20%. LDK +9.9%. JKS +10.3%. SCTY +11.6%. SOL +9.4%. CSUN +8.9%. SPWR +4.9%. ASTI +9.4%. YGE +8.4%. CSIQ +6.6%. The fact 38% of JA's Q1 module shipments went to Japan (a market with higher ASPs/margins than China) is likely going over well with investors. 6 Comments [Tech, On the Move, Earnings]
Friday, May 17, 6:35 PM SolarCity's (SCTY +25.7%) big rally is "bubble-like," cautions Raymond James' Pavel Molchanov, who tried to temper enthusiasm about First Solar last month. Molchanov warns a June 11 lockup expiration could "open the floodgates." Credit Suisse also cited the lockup when downgrading shares on Tuesday; the firm estimates the lockup will increase SolarCity's tradable float by 8x-10x. (earlier) 1 Comment [Tech, On the Move]
Friday, May 17, 12:45 PM Midday top 10 gainers: RSOL +60%. VNDA +23%. SCTY +19%. ORMP +16%. VSAT +16%. COCO +16%. NBG +14%. MHGC +13%. JRCC +13%. MVIS +12%.
Midday top 10 losers: ARUN -27%. UNXL -23%. COSI -14%. AFOP -12%. MNGA -12%. FSGI -10%. YOKU -10%. ALIM -9%. EGLE -9%. GIG -9%. Comment! [On the Move]
Friday, May 17, 11:04 AM SolarCity (SCTY +15.3%) won't take a breather. Shares are blasting off to new post-IPO highs a day after rallying on news of an expanded financing partnership with Goldman. "We hope [the deal] sends a signal that solar is a stable and reliable asset to invest in," CEO Lyndon Rive tells Bloomberg. Meanwhile, some Chinese solar names are up following a rally in Shanghai: YGE +4.1%. LDK +5.1%. SOL +6.1%. JASO +3.5%. CSIQ +2.5%. Comment! [Tech, On the Move]
Thursday, May 16, 9:51 AM SolarCity (SCTY +7.8%) teams up with Goldman to offer $500M+ in lease financing for residential/commercial solar projects, expanding a deal created in 2012. The financing is good for an estimated 110MW, and the companies claim the program "is the largest of its kind announced in the U.S. for homeowners rooftops." SolarCity is rallying once again thanks to the news. Comment! [Tech, On the Move]
Thursday, May 16, 9:14 AM Premarket gainers: RGDX +24%. EGLE +23%. EFUT +19%. TSLA +13%. CSCO +13%. SCTY +11%. DQ +9%. HALO +8%. DANG +7%. AV +7%. YRCW +8%. NBG +7%. KSS +7%. SPWR +6%.
Losers: NCT -53%. SNFCA -24%. AMD -10%. NQ -7%. CYCC -5%. Comment! [On the Move]
Wednesday, May 15, 2:14 PM Solar stocks continue to surge (TAN +4.6%) following SunPower's strong analyst day guidance. A few more winners: DQ +19.8%. SCTY +4.3%. JASO +9.2%. CSUN +7.9%. YGE +6.8%. Chinese solar names could also be getting a lift from news bankrupt Suntech (STP +9.7%) has reached a new forbearance agreement with a majority of its convertible debtholders, under which the debtholders agree not to exercise their rights until June 28. Also: LDK (LDK +8%) has filed its 2012 20-F. (yesterday) (Monday) 2 Comments [Tech, On the Move]
Tuesday, May 14, 12:25 PM Credit Suisse and Roth downgrade SolarCity (SCTY -2.5%) following its mixed Q1 results and 2013 guidance reiteration. Nonetheless, shares are giving back less than 1/9 of yesterday's huge gains. Roth, cutting shares to Neutral, cites a 350% post-IPO gain, 10% system-funding costs, and a potentially unsustainable 2.9% pricing "escalator" for electricity contracts as reasons to be concerned. Though SolarCity's Q2 revenue guidance is well below consensus, deployments are expected to grow to 48MW-53MW from Q1's 46MW. On the earnings call, COO Peter Rive stated SolarCity remains "delivery constrained," and is scaling its residential ops in response. 2 Comments [Tech, On the Move, Earnings]
Tuesday, May 14, 9:10 AM Premarket gainers: PDII +33%. ECTY +20%. NSPH +18%. SNE +9%. WPX +8%. TTWO +6%. TSLA +6%. RENN +5%.
Losers: TRMD -15%. MOSY -13%. PT -11%. VELT -10%. SCTY -10%. TSL -6%. NBG -6%. 2 Comments [On the Move]
Monday, May 13, 4:31 PM SolarCity (SCTY): Q1 EPS of -$0.41 misses by $0.15. Revenue of $30M (+21% Y/Y) beats by $900K. 46MW deployed (+12% Y/Y). Nominal contracted payments +10% Q/Q to $1.22B. Expects Q2 revenue of $21M-$28M, below $40.5M consensus. Reiterates guidance for 250MW in 2013 deployments. Now expects positive net cash flow in Q2. Shares -6.2% AH after rising 24.2% in regular trading. CC at 5PM ET (webcast). (PR) 8 Comments [Tech, Earnings, Breaking News, On the Move]
Monday, May 13, 12:50 PM Midday top 10 gainers: PNTR +65%. TGX +36%. SCTY +33%. CNIT +28%. SUTR +20%. UNIS +19%. ALIM +19%. LEDS +19%. NOAH +17%. HTCH +17%.
Midday top 10 losers: GNVC -34%. ATEA -18%. SBLK -18%. RCON -15%. EOX -8%. DRWI -8%. PLG -8%. MRIN -8%. JOSB -7%. CIMT -7%. Comment! [On the Move]
Monday, May 13, 11:27 AM SolarCity (SCTY +18.6%) is skyrocketing ahead of today's Q1 report - does someone know something? - and many other solar peers are also doing pretty well (TAN +4.5%). SOL +9.8%. CSIQ +11.6%. WFR +8%. LDK +9.3%. JASO +5.4%. SPWR +4.8%. FSLR +4.5%. GTAT +5.2%. JKS +7.9%. Short interests for many industry names remain sky-high: SolarCity had 16.6% of its float shorted as of April 30. SunPower was at 29.9%, First Solar 33.4%, and GT Advanced 34.8%. 4 Comments [Tech, On the Move]
Monday, May 13, 12:10 AM Notable earnings after Monday’s close: HMIN, IOC, SCTY, TRQ, TTWO, VELT, WX Comment! [Earnings]
Sunday, May 12, 5:35 PM Notable earnings after Monday’s close: HMIN, IOC, SCTY, TRQ, TTWO, VELT, WX Comment! [Earnings]