Crude
oil prices have been
surging recently, and there is little
sign that the momentum will be
slowing down. Every time crude oil
reaches these types of elevated levels,
it seems that interest in
alternative forms of energy also rise.
Solar is one type of alternative energy
that gets particular attention, and
should be on investors' radar going
into 2014.
SolarCity beats by $0.10, beats on revenue
- SolarCity (SCTY): Q4 EPS of -$0.46 beats by $0.10.
- Revenue of $47.30M (+87.2% Y/Y) beats by $2.03M.
- Shares +1.23%. AH
- Press Release
SolarCity affirms guidance, details spending activity
- Thanks to sizable increases in both sales/marketing and G&A spend, SolarCity's (SCTY) opex rose 73% Y/Y in Q4 to $65.2M. $234.9M was spent on investing activities, +64% Y/Y, and operating cash flow fell to $13.9M from $57M.
- $262.4M was raised via financing activities, and $402.7M via equity/convertible note offerings.
- The company expects Q1 GAAP operating lease/solar incentive revenue of $27M-$29M, and solar system sale revenue of $23M-$27M; the Q1 revenue consensus is at $45.2M. EPS is expected to be in a range of -$0.70 to -$0.80, below a -$0.50 consensus.
- SolarCity ended 2013 with $577M in cash/equivalents, $1.68B worth of leased/to be leased solar systems (+71% Y/Y), $246M in long-term debt, $53M worth of solar asset-backed notes, and $230M worth of convertible senior notes.
- Inventories stood at $111.4M, and the deferred revenue balance at $470.1M (up from $379.8M at the end of Q3).
- Shares -1% AH. Q4 results, PR
- Previous: SolarCity's Q4 deployment/booking figures
Below these are the Solar stocks I am follow on 2014.
Solar Stocks List
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)
Smaller companies with Solar exposure:
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)
Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)
Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)
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