SolarCity’s Innovations and Potential Future Leadership
In order to counter low margins, SolarCity has been expanding into residential installations and scaling back government and commercial contracts.
SolarCity’s operating margins have been negative. While it has future revenue potential, its high cost of revenues has hurt profitability.
SolarCity’s stock price gained 412% since December 2012. We’ll see if it can match its increasing market share with increased earnings.
SolarCity’s assets are largely made up of the solar energy systems that they have already leased and those that they intend to lease.
Debt profile A significant proportion of SolarCity’s (SCTY) financial commitments and obligations consists of long-term debt. Long-term debt accounted for about 75% of all contractual obligations in 2014, which was down…
Revenues from operating leases and solar energy system incentives have increased due to successful installation and operation of solar energy systems.
SolarCity’s revenues from operating leases include PPAs and proceeds from incentives. Its systems and component sales include products and services.
SolarCity’s financing services aim to provide minimal up-front costs with multiple funding options, which allows customers to choose and enjoy tax credits.
SolarCity’s product offerings include solar energy, solar energy systems, in-house manufacturing of solar system components, and energy storage systems.
SolarCity is a vertically-integrated solar company. Despite advancing technology and expanding reach, it has seen negative earnings most years since 2007.
In the week ended August 26, total US natural gas consumption decreased 5.4% week-over-week. The decrease was led by a decline in power sector consumption.
In the week ended August 21, US propane inventories rose by 1.9 MMbbls (million barrels) to 95.7 MMbbls.
According to data released by the EEI (Edison Electric Institute), the United States generated 87,622 gigawatt-hours of electricity during the week ended August 21.
Total natural gas supply decreased 0.2% in the week ended August 26 compared to the week ended August 19.
UNG shares trade on the New York Stock Exchange like company stock. UNG fell 1.1% between August 21 and August 27.
Natural gas prices fell by 1.42% between Friday, August 21, and Thursday, August 27. Prices closed at $2.638 per MMBtu (British thermal units in millions) on August 27.
On Thursday, August 27, the EIA (U.S. Energy Information Administration) published its “Natural Gas Weekly Update” for the week ended August 21.
US gasoline production decreased from ~10.248 million barrels per day (or MMbpd) in the week ended August 14 to 9.782 MMbpd in the week ended August 21.
US distillate production fell in the week ended August 21 to 4.906 million barrels per day (or MMbpd) from 5.072 MMbpd in the week ended August 14.
US distillate inventories The EIA (U.S. Energy Information Administration) released its “Weekly Petroleum Status Report” on Wednesday, August 26. The report said US distillate inventories increased by 1.4 million barrels…
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