10.05.2016 - SolarCity forecasted losses that has led to the company's shares fall
The price of shares of the company SolarCity show a strong decline after in the first quarter were published the results and forecasts for the second quarter. Thus, the loss of the company totaled to 2.56 US dollars per share in the 1st quarter of this year, a share, but the company's revenues totaled 122.6 million dollars. Analysts had forecasted a loss of 2.31 dollars per share and revenues of 110 million US dollars. In the second quarter, the company expects to see a loss per share of 2.70-2.80 dollars. At the same time, the company installed 214 megawatts of panels against the forecast of 180 megawatts. After a strong fall, we expect price correction and maintain the growth of shares in the second half of the year.