SolarCity Pops On 2014 Capacity Forecast and 2 Other Hot Stocks to Watch
SolarCity Corp. (NASDAQ:SCTY): Current price $46.69
SolarCity shares are up by almost 22 percent Friday in heavy trading after the rooftop solar power provider said that it expects to increase its annual installed capacity by close to 90 percent in 2014. The firm plans to deploy between 475 and 525 megawatts of photovoltaic projects next year, up from an estimated 278 megawatts in 2013, according to a company statement. Demand is roaring for residential solar projects financed by SolarCity and its peers Sunrun Inc. and Sungevity Inc., which install rooftop projects at a small to zero upfront cost to customers.