06.11.2014 - SolarCity has doubled the number of customers per year
American SolarCity announced the profit in the third quarter. It is worth noting that during the year the number of customers increased by almost 2 times to 168.4 thousand. The buyers rush to install solar panels before 2017 when the tax credit on these goods will be reduced from 30% to 10%. During the last quarter, the company received 19.2 million profit, or 19 cents per share. The company's revenue rose to 58.3 million vs. the forecasts of analysts’ near 60.2 million. Negative for the shares of the company is the reduction in oil prices but despite this, we forecast growth in sales of solar panels and maintain a positive medium-term outlook for the stock with the potential of growth by 40-50% per year.