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SolarCity Soars On Sunny Forecast

2014 looks big for solar

By Scott Budman
|  Friday, Oct 11, 2013  |  Updated 10:10 AM PDT
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Investors in SolarCity are thanking their lucky stars today - rather, their lucky solar adopters.

Shares of the San Mateo company are soaring more than 20 percent, after a 2014 forecast that's much higher than what analysts were expecting.  SolarCity, which is Chaired by Tesla founder Elon Musk, leases and installs solar systems, and expects to do a lot more leasing and installing in the near future.

The company went public, amid skepticism, towards the end of 2012. It's shares have been on a tear since, and today's news is sending its stock price (SCTY) back near all-time highs.

With a guess that installations will rise by about 90 percent in 2014, SolarCity's business looks to cook in the coming year - good news for the environment, and good news for investors.

Scott cooks, and writes, on Twitter: @scottbudman

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