The Buzz
SolarCity surges to new high
May 13, 2013: 11:24 AM ET
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.
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Tesla zooms to new high, then pulls back
No cruise control for Tesla.
Shares of the electric car maker took off Tuesday, racing to a new high above $60 right out of the gate. But by late morning, the enthusiasm had chilled, and the stock was down about 3%.
The supercharged moves come one day before Tesla (TSLA) is set to report its first quarterly profit ever.
And it's all thanks to the all-electric Model S.
The full-size, four-door luxury sports sedan was MORE
Catherine Tymkiw - May 7, 2013 11:12 AM ET -
Investors electrified by Tesla
Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
Tesla (TSLA) offered up a preview of that report earlier this month, saying sales of its all-electric Model S were exceeding expectations.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last MORE
Catherine Tymkiw - Apr 30, 2013 11:12 AM ET -
J.C. Penney scores $1.75 billion loan from Goldman Sachs
Wall Street has been taking a second look at J.C. Penney in the weeks since controversial CEO Ron Johnson stepped down.
J.C. Penney said Monday that it secured a $1.75 billion loan from Goldman Sachs (GS). The announcement confirms reports late last week that that the retailer was nearing a financing deal with Goldman.
Shares of J.C. Penney (JCP) rose more than 4% Monday. The stock gained 9% last week as investors welcomed MORE
Ben Rooney - Apr 29, 2013 12:25 PM ET -
Redbox gets green light from investors
What a difference a month makes.
Redbox parent Coinstar (CSTR) was being dragged through the mud last month after it issued a much weaker-than-expected outlook for the first quarter.
But guess what? Redbox really came through. Coinstar reported earnings per share that trumped forecasts by a wide margin.
Revenue fell short of forecasts and Coinstar's operating margin declined,but Redbox gained market share and its revenue rose 1% as the company added new MORE
Catherine Tymkiw - Apr 26, 2013 11:39 AM ET -
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 -
Gold prices making a comeback
The gold bugs have come out to play.
Gold bounced back Monday after taking a massive beating over the past week or so.
Early Monday, gold prices popped back above $1,400 for the first time in a week. Prices are still a far cry from their record $1,900 level but the modest bounce is encouraging for gold bugs.
It was exactly one week ago that gold prices plunged more than 9% in their MORE
Catherine Tymkiw - Apr 22, 2013 12:02 PM ETPosted in: bears, bugs, CFTC, cnnmoney, gold, gold prices, hedge funds, precious metal, prices, rebound, StockTwits -
Pepsi and Coke pass investors' taste test
It's been a good week to be in the soda business.
While the debate over whether Pepsi or Coke taste better will probably go on forever, there's no denying the beverage companies have fairly healthy balance sheets.
PepsiCo and Coca-Cola both reported better-than-expected earnings this week, proving to investors that consumers still like their soda (or pop if you're from the Midwest) and snacks.
Shares of PepsiCo (PEP) rallied 5% to a new MORE
Catherine Tymkiw - Apr 18, 2013 1:15 PM ET -
Tesla shares get a jolt
Talk about electrified.
Shares of electric car maker Tesla spiked 6% Tuesday, nearly hitting a new high, on heavy trading volume.
Tesla generated a lot of buzz last month after CEO Elon Musk tweeted about a game changing announcement.
Really exciting @teslamotors announcement coming on Thursday. Am going to put my money where my mouth is in v major way.
— Elon Musk (@elonmusk) March 25, 2013
The news (which hit the airwaves last MORE
Catherine Tymkiw - Apr 16, 2013 1:04 PM ET -
J.C. Penney's latest survival tactic
J.C. Penney's latest move to turn itself around involves tapping its own credit line.
Early Monday, the retailer announced it drew $850 million from its $1.85 billion credit facility to help replenish its inventory and for other working capital.
The latest move comes after J.C. Penney (JCP) replaced CEO Ron Johnson with his predecessor, Mike Ullman, and tapped the Blackstone Group (BX) to help it raise money.
Related: J.C. Penney fighting for MORE
Catherine Tymkiw - Apr 15, 2013 1:08 PM ETPosted in: Blackstone, cnnmoney, consumer, credit, JCPenney, Macy's, retail, stock, StockTwits, turnaround
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