Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw SolarCity Corp (NASDAQ:SCTY) climbing up by 14.66%. It closed at a price of $51.60 which reached an intraday high of $52.77 before heading down to close at $47.30 per share. In excess of 0.1 million shares exchanged hands in the previous trading session, which was below the average volume of 1.45 million that was measured over a 30-day period
In the 2013 Q1, SCTY reported a $31 million loss on $30 million worth of sales. The balance sheet is the key. At the end of 2012, this was flush with cash of $160 million. It also had a fairly reasonable debt-equity ratio, which stood below 25%. On an operating basis, its cash flow was also positive. When investors but SolarCity Corp (NASDAQ:SCTY), they are investing in stability and growth in a market where both these factors are almost non-existent. Solar power costs have been dropping below other forms of grid energy. This has already taken place in several places and it seems like this growth is going to be unabated. SCTY has made the transition to the profitable segment of the business.
SolarCity Corporation is involved in the designing of, installation and selling or leasing solar energy systems to commercial and residential customers. It also sells electricity that has been generated from solar energy systems to its customers. The Company’s solar energy products include SolarLease, Solar Energy Systems and power-purchase agreement finance products. SolarCity Corp (NASDAQ:SCTY)’s other energy services and products include energy storage electric vehicle charging. It sells renewable energy to its customers. As of 12 December 2012, it served customers across 14 states.
