Stocks on Our Radar: SolarCity

SolarCity (NASDAQ: SCTY  ) is getting bigger, and better.

The company announced on Tuesday that it will acquire Silevo, a manufacturer of solar panels, for $200 million and a potential $150 million more based on hitting certain milestones. The market applauded the news, bidding the stock up more than 17% on Tuesday.

This is a big step for SolarCity, as it will now be able to manufacture its own panels rather than purchasing from them others. Rule Breakers analyst Simon Erickson and Stock Advisor analyst Sara Hov discuss the impact this move could have for both the company and its investors.

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  • Report this Comment On June 23, 2014, at 11:20 PM, Jrdazzo wrote:

    So when your short Oct $55 Puts-that means your actually long right?

    Did you sell the $55 puts?

    Just trying to educate myself!

    Thanks

  • Report this Comment On June 24, 2014, at 8:19 AM, TMFInnovator wrote:

    Jrdazzo -

    Yep - you're correct. Selling ("shorting") a put means that you commit to buy shares if they are below a certain price ($55) at expiration (Oct). It's similar to being long -- you ultimately want the price of the shares to appreciate.

    If you're interested, here's a really good overview on options - put together by the advisor of our Options service: http://www.fool.com/investing/options/options-a-foolish-intr...

    Thanks for the question!

    Simon

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