Boston, MA 10/21/2013 (wallstreetpr) – With its first year anniversary in the IPO around the corner, SolarCity Corp (NASDAQ:SCTY) has every reason to be all smiles. With the government incentives and the prices of solar panels dropping, the company is in a growth hot spot being in the fastest growing renewable energy field. Despite this particular field being quite fragmented the 17.4% market share that the company holds has proven enough to see it grow above and beyond expectations.
According to an analysis carried out by JP Morgan it is expected that the company’s shares will hit a high of about $68 per share. This will be further fueled by the gains the company has made and those it intends to make in the near future.
Recently the company made to acquisitions that will prove very pivotal to the company in the near and long run. Zep solar was acquired by the company at a price tag of $158 million. Apart from being one of the company’s main component providers, Zep Solar also had some very innovative rail free technology solar panels that will make it easier to install and adapt to. As such it is bound to attract more users. Selling complex products and with a high initial price tag to multitude of people is very tactical. That is why Solarcity Corp dished out $120 million to acquire Paramount solar.
Paramount Solar being formerly part of a highly reputable sale and marketing firm will help make the very tactical job look much simpler and therefore is a big plus for the company. If you can make more people understand then you can make them purchase your product with less difficulty.
With a further $345 million set up to be raised in stocks and convertible notes, the company is proving to be more stable than most investors thought. With impressive numbers like the 466% growth in stock volumes since its inception in December 2012 and the 50% growth in October this year is bound to keep investors interested.
