SolarCity Announces First Quarter 2015 Financial Results

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Go back to SolarCity Announces First Quarter 2015 Financial Results

SolarCity (SCTY) Tops Q1 EPS by 6c, Sales Beat

May 5, 2015 4:18 PM EDT

SolarCity (NASDAQ: SCTY) reported Q1 EPS of ($1.52), $0.06 better than the analyst estimate of ($1.58). Revenue for the quarter came in at $67.5 million versus the consensus estimate of $57.7 million.

While the first quarter of 2015 was impacted by the typical seasonal slowdown, we expect a resumption in installation volume growth to new records in the second quarter of 2015 as our operations continue to scale and weather improves on the East Coast.

For the second quarter of 2015, the company expect MW Installed of 180 MW, which would represent year-over-year growth of 69% with residential growing north of 80%.... More