SolarCity Soars On Sunny Forecast - NBC Bay Area
Tech Now

Tech Now

Covering all the latest tech happenings from the Silicon Valley.

SolarCity Soars On Sunny Forecast

2014 looks big for solar



    12 Ways to Effortlessly Surprise Your Friends and Co-Workers
    Josh Keppel
    Panel up ..

    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