Barclays Downgrades SolarCity (SCTY) to Equalweight
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SolarCity (SCTY) Tops Q4 EPS by 22c; Issues Light Q1 Outlook
February 9, 2016 4:07 PM EST(Updated - February 9, 2016 4:26 PM EST)
SolarCity (Nasdaq: SCTY) reported Q4 EPS of ($2.37), $0.22 better than the analyst estimate of ($2.59). Revenue was $115 million, versus $105.6 million expected.
Installation highlights:
With new highs in both residential and commercial installations, we installed a record 272 MW in the fourth quarter of 2015, up 54% year-over-year. For the full year 2015, we installed 870 MW, growing 73% from 503 MW in 2014. Based on GTM Research/SEIAs most recent estimate for 2015 U.S. solar installations, SolarCity accounted for 35% of U.S. residential solar, 28% of U.S. distributed solar, and 12% of... More
