Investors can't seem to get enough of Elon Musk.
Just take a look at SolarCity (SCTY).
Shares of the Musk-backed solar energy company rallied 16% Monday.
Shares took a hit last week after the company reported a wider-than-expected first-quarter loss. But the stock quickly bounced back after SolarCity reached a deal with Goldman Sachs (GS) to finance $500 million of solar projects.
Investors on StockTwits were quick to jump on the Musk bandwagon.
Musk, who is the chairman of SolarCity, was a co-founder of Internet payment system Paypal.
But he's perhaps best known as the founder of electric car company Tesla (TSLA), which makes what Consumer Reports called the best car it ever tested. That would be the Model S, for anyone who missed it.
Poor Tim Cook. It's not like Apple's products have fallen out of favor... at least not as much as the stock. Shares of Apple (AAPL) are down nearly 40% from their all-time high above $700.
One die hard Musk fan was pining to get in on Musk's privately-held space exploration and transportation company, SpaceX.
Not everyone was so bullish. Some traders pointed out that SolarCity has been heavily shorted and that the rally is being driven by investors buying back shares to cover those bets.
Shares of SolarCity have been on a tear in the past few months, more than quadrupling in value since debuting on the Nasdaq in December at an IPO price of $8.
With the shorts being squeezed out, some traders see more upside for SolarCity.
For one other trader, the Musk trade works in mysterious ways.
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 MORECatherine Tymkiw - May 13, 2013 11:24 AM ET
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 MOREMaureen Farrell - Dec 14, 2012 3:19 PM ET
SolarCity (SCTY) is shining on its first day of trading.
In its debut on Nasdaq (NDAQ) Friday, SolarCity closed 47% above its $8-a-share initial public offering price.
To get that pop, SolarCity was forced to scale back its expectations. The company had originally tried to price its offering between $13 and $15, which would have given it a valuation close to $1 billion, and raised $141 million.
Even though the company upped MOREMaureen Farrell - Dec 13, 2012 12:50 PM ET
Not a member yet?Sign up now for a free account
|Someone bought a $100,000 Tesla with Bitcoins|
|Economy is improving but why doesn't it feel that way?|
|Where should you put your money now?|
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Five key numbers behind the jobs recovery|