{"id":9865,"date":"2013-10-14T07:48:24","date_gmt":"2013-10-14T11:48:24","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=9865"},"modified":"2013-10-14T07:48:24","modified_gmt":"2013-10-14T11:48:24","slug":"solarcity-corp-nasdaqscty-and-green-endeavors-inc-otcmktsgrne-drive-strong-positive-traders-reaction","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/solarcity-corp-nasdaqscty-and-green-endeavors-inc-otcmktsgrne-drive-strong-positive-traders-reaction-9865","title":{"rendered":"SolarCity Corp (NASDAQ:SCTY) and Green Endeavors, Inc. (OTCMKTS:GRNE) drive strong positive traders reaction"},"content":{"rendered":"

Boton, MA, 10\/14\/2013 – SolarCity Corp (NASDAQ:SCTY)<\/strong> went public in December and has increased five times from its IPO price, provides full-service solar power system design, installation, financing and monitoring services. It has grown due to its strong business model wherein it allows homeowners to lease solar panels, thereby eliminating the huge upfront investment which reduces their power bills.<\/p>\n

It has announced that it has beaten its own expectations of system capacity deployments for its 3Q which was 70-77 MW while it deployed 78 MW of solar panels.<\/p>\n

The stock surged by around 23.09% in its last trading session it also announced that it will bolster its installation capacity by around 70% the next year with expectations of rising home solar power acceptance in U.S. The company\u2019s current deployment outlook of 278 MW will be raised to 475-525 MW in 2014. The cumulative energy contracts of the company are 72,506 while the cumulative customers have risen to 82,235.<\/p>\n

Angelo Zino analyst at S&P Capital IQ said “Leasing is the reason why we expect the high growth within the U.S. solar\u00a0market to come more so from the residential side than the large scale projects you have seen in the recent years.” He further commented on the raised deployment of solar panels \u201cIt gives investors the confidence that the high growth environment for the company will remain intact in 2014 and beyond that.”<\/p>\n

Elon Musk an entrepreneur and CEO of Tesla Motors, backs SolarCity announced that it would acquire Zep Solar which will reduce the company\u2019s installation time and lower its power bills. Zep Solar is a maker of mounting systems for residential solar panels. Of late the company has acquired Paramount Solar a direct marketing company.\u00a0The company will also sell its shares to Elon Musk the chairman of the company and Lyndon Rive the CEO who would buy 560K shares.<\/p>\n

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On the other hand, Green Endeavors, Inc. (OTCMKTS:GRNE)<\/strong>, a majority owned subsidiary of Nexia Holdings, Inc. (PINKSHEETS: NXHD), announced today the revenue results for the three and nine months ended September 30, 2013. The company has made incredible strides with recent developments. According to the press release issued by the company, GRNE’s net sales were $2,654,001 and $878,433, respectively during the nine and three month periods ending September 30, 2013, compared to $2,274,353 and $783,306 for the comparable periods in 2012. The company registered staggering gains with net sales increased by $379,649 or 16.7% for nine months ended September 30, 2013 and increased by $95,127 or 12.1% for the three months ended September 30, 2013, as compared to the same periods in 2012. The market is yet to react to the news today and GRNE could very well be headed for another rally.<\/p>\n

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Boton, MA, 10\/14\/2013 – SolarCity Corp (NASDAQ:SCTY) went public in December and has increased five times from its IPO price, provides full-service solar power system […]<\/p>\n","protected":false},"author":32,"featured_media":9727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[260],"tags":[3327,1422,2138,3326,3328],"stock_ticker":[],"class_list":["post-9865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advancers","tag-green-endeavors","tag-inc","tag-nasdaqscty","tag-otcmktsgrne","tag-solarcity-corp","entry"],"acf":[],"yoast_head":"\nSolarCity Corp (NASDAQ:SCTY) and Green Endeavors, Inc. 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