The biggest story in renewable energy this past year was the incredible performance of SolarCity (SCTY.DL). The solar leasing company is up 385% since its IPO, growth that would not be possible without the plummeting costs of solar power systems. In fact, the cost of solar panels have dropped over 60% in the past 2 years. Will SolarCity continue its march higher in 2014 and meet its projections of 80% annual growth in installations?
SolarCity emerged on the scene in 2013, and early shareholders were rewarded to an overnight three-bagger!
Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of SolarCity. The Motley Fool recommends SolarCity. The Motley Fool owns shares of SolarCity. 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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