SolarCity surges to new high

SolarCity's stock has nearly quadrupled since the company went public in December.

Talk about a warm-up.

Investors can't seem to get enough of companies that harness the sun's power. Shares of SolarCity (SCTY) soared to an all-time high of $31.89 on Monday.

The company has only been public for five months and shares have nearly quadrupled from their $8 IPO price back in December.

Related: SolarCity CEO talks the future of solar power

SolarCity, which installs solar panels, is still among the smaller players but it does have Elon Musk as its chairman. Most people associate Musk with electric car maker Tesla (TSLA), which has also been on a tear.

Solar companies have struggled in recent years in the face of rising competition from cheaper solar panels manufactured in China.

SolarCity will issue its second quarterly report as a public company after the market closes Monday. Analysts expect SolarCity to report a loss of 26 cents a share on $29 million of revenue.

Investors are already looking beyond the quarter to see what SolarCity, and other solar firms, plan to do next. Most recently, SolarCity completed two projects in Sacramento and announced plans to install solar panels on up to 6,500 homes in Marine and Navy bases in Hawaii.

Shares of other solar firms were energized by SolarCity Monday. Shares of First Solar (FSLR), SunPower Corp. (SPWR), LDK Solar (LDK) and ReneSola (SOL) were on the rise.

StockTwits traders had plenty to say about solar.

abubnic
Solar on fire today. $SPWR $FSLR $TSL $GTAT $YGE $CSIQ all trading w volume greater than 1 million today! $JASO & $SCTY at .5M

fandango
$SCTY i warned shorts on saturday...did they listen..no..

Ahhh yes. Who could forget about the shorts. Fandango, you might have a point here. It will be interesting to see what happens after the bell.

CDMCapital
$SCTY $TSLA eventually the hype around Musk will come back to reality, when everyone realizes that these companies have financial statements Bearish

Everyone's a critic. Though I can't completely disagree. The forecast for SolarCity is for a loss, and yes, while Tesla is on fire for now, will the Model S be enough to keep that momentum going?

Only time will tell.

ivanhoff
The "Elon Musk" ETF making new all-time highs again. Keep in mind that $SCTY reports after the close today.

TrendHunter
$SCTY wonder if there were some dumbo front running shorts made big bets the last few days? time to rev up the chain saw

Between shorts and Musk, some traders are opting out of the rally...for now.

ChristopherCowan
$TSLA $SCTY If Solar City misses or meets expectations we should see a pullback in both stocks on Tuesday. Looking for reentry then.

Posted in: cnnmoney, Elon Musk, First Solar, SolarCity, stock, StockTwits, sun, Tesla

• Embracing the sun: First Solar surges to new high

  Solar stocks are back in vogue.

  Shares of First Solar (FSLR) soared nearly 11% to a new 52-week high early Wednesday, and other solar stock were quick to follow. Shares of SunPower (SPWR), LDK Solar (LDK), SolarCity (SCTY) and Canadian Solar (CSIQ) were all shining pretty brightly.

  Solar companies have struggled in recent years in the face of rising competition from cheaper solar panels manufactured in China.

  The future looked so dim MORE

  Catherine Tymkiw - Apr 24, 2013 12:48 PM ET
  Posted in: cnnmoney, First Solar, solar, solar panels, solar stocks, stocks, StockTwits

• First Solar surges 50% on sunny guidance

  First Solar shares spiked more than 50% Tuesday, rising to a new 52-week high and triggering several circuit breaker on the way up after the company issued a bullish forecast for the year.

  The solar panel maker said it expects to earn between $4 and $4.50 per share, with annual sales between $3.8 billion and $4 billion. The guidance was well above analysts forecasts. Those polled by Thomson Reuters have been MORE

  Hibah Yousuf - Apr 9, 2013 3:31 PM ET
  Posted in: China, earnings, First Solar, guidance, outlook, revenue, short, squeeze

• First Solar stock plunges 17% to 3-month low

  Shares of First Solar plunged 17% Wednesday to their lowest level in three months after the company delivered disappointing fourth-quarter sales figures and a weak outlook for the first quarter.

  First Solar (FSLR) reported revenue of $1.1 billion for the last three months of 2012, falling short of the $1.3 billion that analysts were expecting. For the first quarter, the solar panel maker expects to earn between 70 cents and 90 MORE

  Hibah Yousuf - Feb 27, 2013 1:38 PM ET
  Posted in: earnings, First Solar, outlook, stock, StockTwits, sunpower, suntech, trina

• JPMorgan's stock to avoid in 2013: First Solar

  First Solar (FSLR) made JPMorgan's short list of stocks to avoid in 2013.

  In fact, the solar panel maker was the only stock to make the list. That's an unusual move for JPMorgan (JPM), whose equity stock analysts typically pick several stocks to avoid as part of their year-end roundup.

  First Solar earned this dubious distinction for the second year in a row, but to be fair, JPMorgan's analysts weren't exactly MORE

  Maureen Farrell - Dec 14, 2012 3:19 PM ET
  Posted in: avoid, First Solar, JPMorgan Chase, solar panels, SolarCity

• Hated stocks finally get some hugs

  It's been a good week for heavily shorted stocks reporting earnings. I wrote (and did a video) Thursday about how Green Mountain Coffee Roasters (GMCR) surged despite poor guidance.

  First Solar (FSLR) was another company that popped on earnings news even though there are still many economic headwinds in the U.S. and Europe facing the maker of solar panels. That made it Thursday's Stupid Stock Move of the Day.

  #StupidStock Move of MORE

  Paul R. La Monica - Aug 3, 2012 12:18 PM ET
  Posted in: First Solar, Green Mountain Coffee Roasters, OpenTable, StockTwits, Stupid Stock