SolarCity Sees a Hot Residential Market in 2013

SolarCity (NASDAQ: SCTY  ) recently increased its installation target for 2013 to 270 MW from 250 MW, and it also announced a convertible note offering that could generate $200 million in new cash. With the residential solar market growing like a weed, the company is primed to benefit over the long term. Motley Fool contributor Travis Hoium discusses why these moves are important for SolarCity, and one other company growing in residential solar, in the video below.

One solar company missing out on the residential solar craze is First Solar. Does this mean the company is done for good, or is it ready for a rebound? If you're looking for continuing updates and guidance on the company whenever news breaks, The Motley Fool has created a brand-new report that details every must know side of this stock. To get started, simply click here now.


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  • Report this Comment On June 27, 2013, at 11:01 AM, sonofTesla wrote:

    Man...I wish I would have seen that coming, haha. You're welcome for the article I sent you the day before you posted this.

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