SolarCity Reports Increased Revenue & Installations, $140 Million Net Loss

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American solar energy company SolarCity has released its fourth quarter earnings from 2014, proclaiming “the best quarter and year in our history” — despite incurring a significant operating net loss.

SolarCityThe world of financial earnings reports can always be a tricky one, especially when — in SolarCity’s case — revenue and installations represented record highs, but the company’s net loss sky-rocketed to $141 million, up from only $39 million a year earlier.

As a result, according to Fortune, the “worse-than-expected losses sent SolarCity’s stock price plunging more than 5% in after-hours trading.”

Nevertheless, SolarCity did have some good news — in fact, much of the material provided to investors is all about this good news (which is of no surprise to anyone). Of the company’s “major achievements” is a 110% increase in residential MW deployment, year over year — 176 MW in the fourth quarter of 2014, and a total of 502 MW for the full year.

SolarCity-1And as can be seen, SolarCity is looking for a big 2015.

As of the conclusion of 2014, SolarCity had 190,000 customers and $2.8 billion worth of solar energy systems assets. And its position ahead of their competitors is simply growing and growing, according to the latest research data available from GTM Research.

SolarCity-2Construction continues on the company’s Silevo Buffalo Facility, which is expected to be completed in 2016 with a total of 1 GW capacity in 2017.

SolarCity-3Initial equipment installation is also expected in the first quarter of 2016.

SolarCity also provided its guidance for the year ahead, with a total of between 920 MW and 1,000 MW predicted to be deployed in the full year, and 145 MW in the first quarter.

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6 thoughts on “SolarCity Reports Increased Revenue & Installations, $140 Million Net Loss

  • Glad I waited ’til after the earnings report to snap up a few shares..! Saved a few bucks on the position.

  • Pretty impressive! Over 100% sales growth for this past year and next.

  • Can someone tell me why there aren’t other places to mount the panels other than the roof where they can create issues and look unsightly? Such as a driveway cover or patio cover or sun shade or pool cover or some such? Separate from the house?

    • Absolutely no reason. As long as there’s a place that gets good sunshine install away.

      Using a back yard fence as part of the rack works fine. My first set was fence mounted.

      • I believe if they really want to sell them they should offer them as part of a new patio cover, backyard sun shade, or car cover in front where allowed. And i mean build the whole thing. People would be much more comfortable with that. On the house i don’t want any roof leaks which can be a real headache to deal with no matter the warranty and water damage sucks for many reasons inside the house. Separate from the house i don’t have roof warranty and leakage concerns. Plus sun shade is a good thing mostly.

        • There’s at least one company that does solar carports.

          And there are lots of people doing various versions of non-roof mounting.

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