SolarCity (SCTY.DL) 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.
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SolarCity Sees a Hot Residential Market in 2013
By Travis Hoium
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Jun 25, 2013 at 10:33AM
NASDAQ: SCTY.DL
SolarCity Corporation
Residential solar is hot and SolarCity is expecting even more explosive growth.
Fool contributor Travis Hoium manages an account that owns shares of SunPower and personally owns shares and has the following options: Long Jan 2015 $7 Calls on SunPower, Long Jan 2015 $5 Calls on SunPower, Long Jan 2015 $15 Calls on SunPower, and Long Jan 2015 $25 Calls on SunPower. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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