SolarCity (SCTY +0.00%) has emerged as a dominant force in residential solar and gives investors great exposure to the downstream solar market. After announcing guidance of up to 90% next year and projecting higher retained value per watt, the company is set up for increased long-term profitability in the future. Erin Miller sat down with solar analyst Travis Hoium to see why this is such an attractive solar stock right now.
SolarCity has been on a tear this year, but there are still reasons to like this stock.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.