Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of SolarCity (SCTY.DL) jumped 27% today after the market finally realized what a big deal Goldman Sachs' (GS 1.59%) financing package is.
So what: Yesterday, Goldman and SolarCity announced a $500 million financing package that will allow the solar installer to put up 110 MW of projects. This isn't the first financing package for the company, but it's a huge package and having Goldman on the release brings some cache.
Now what: This is really business as usual for SolarCity, so I don't think yesterday's 11% jump, or today's 27% pop, are really justified. The news that Goldman was involved may have brought in some new investors who hadn't considered solar, pushing the stock higher. I think shares have run way too high, and expect a pullback, because the company is still posting losses each quarter.
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