SolarCity Corp. just released its first quarter fiscal 2016 earnings results, posting an earnings loss of $-2.56 per share and revenue of $122.6 million. Currently, SCTY has a Zacks Rank #3 (Hold), but it is subject to change …
ZACKS11mon
Q1
In the past five trading sessions, SolarCity Corp (NASDAQ:SCTY) stock surged 28.3%, from $18.85 to $24.19. Moreover, this might just be the beginning of a new rally. One analyst is saying that there's still room for …
His Tesla Motors said on Tuesday that it had offered to buy SolarCity in an all-stock deal, one that could value the latter at as much as $2.8 billion. The aim, Mr. Musk argues, is to create a renewable-energy giant, …
Elon Musk
Through Tesla, Musk has made an all-stock deal offer for embattled solar-energy firm SolarCity, which Musk cofounded. He said that this deal would help to make Tesla the first "vertically integrated energy company …
Elon Musk
SolarCity Corp (NASDAQ:SCTY) is expanding its service and operations in Texas by making its popular solar service available to homeowners in Austin for the first time. Customers in Austin can now go solar for as little …
SolarCity Corporation (NASDAQ:SCTY) was dragged into the spotlight this year when Elon Musk, the biggest holder of SCTY stock, made a move to acquire the company using his other firm, Tesla Motors Inc. …
Investors, though, aren't so sure. SolarCity's shares have edged up by just 5 percent to $22.20 since the all-stock bid was made, well below the $23.56 to $25.30 currently being offered by Tesla. Meanwhile, Tesla's stock has …
Conflict of interest
Shares of solar energy project contractor Solar City (SCTY), founded by Tesla (TSLA) CEO Elon Musk, are up $5.12, or 24%, at $26.31, in late trading, after Tesla offered to acquire Solar City for 0.122 to 0.131 shares of …
Șoarș
Here’s a chart of revenue (TTM) for SCTY. There are other facts, though. The fundamentals are atrocious and getting worse. The stock is down 52% in the last three-months. It has gotten so bad for SolarCity, that in the …
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