Boston, MA 10/17/2013 (wallstreetpr) – SolarCity Corp (NASDAQ:SCTY) is enjoying its stay in business and more in the stock market. The solar company is experiencing rapid growth due to its flexible and more or less unique business model. It offers solar panels and solar energy to homeowners on small monthly fee, thus eliminating the restrictive upfront investment.
In this regard, the company is escalating its fortunes and the same is likely to on and on because of the huge potential in the solar industry. The San Meteo-based solar installer is also seeking to expand its market horizons to net more revenue. This is a case of a company wanting to make more hay when the sun is still shinning.
But the challenge this solar ambitious solar installer is facing is pressure from investors who are asking for more cost-cutting measures. The company has indeed incurred a lot of expenses in its dramatic growth, so if these holes are sealed, investors are going to have good revenue treat in the next six or so months.
The company has updated its 2013 guidance, now saying that it’s looking at the possibility of deploying more than the already installed capacity of 278 MW to around 475 MW and 525 MW in 2014. SCTY solar energy is big reprieve for homeowners and businesses. Its cost is better, if not lower, than the retail electricity from other providers.
As of September 30, SCTY was looking at a prospect yield of $1.74 billion in about 72,000 solar energy contracts.
The market waits to see how much future growth can be realized in solar sector in overall and more particularly in the key market areas. In order to squeeze the most from its business boom, SCTY is in acquisition of mounting systems providers and the company in its cards in Zep Solar. The takeover of this company is put in the region of $158 million in stock.
