March 03, 2015 4:40 AM ET

Electrical Equipment

Company Overview of SolarCity Corporation

Company Overview

SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, as well as develops a proprietary battery management system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators. The company also sells electricity generated by solar energy systems to customers. It offers its products and services through ...

3055 Clearview Way

San Mateo, CA 94402

United States

Founded in 2006

9,012 Employees

Phone:

650-638-1028

Fax:

650-638-1029

Key Executives for SolarCity Corporation

Co-Founder, Chief Executive Officer and Director
Age: 37
Total Annual Compensation: $276.1K
Co-Founder, Chief Technology Officer and Director
Age: 39
Total Annual Compensation: $276.1K
Chief Operations Officer
Age: 36
Total Annual Compensation: $175.0K
Executive Vice President of Process Engineering
Age: 34
Total Annual Compensation: $101.2K
Chief Revenue Officer
Age: 42
Total Annual Compensation: $83.7K
Compensation as of Fiscal Year 2013.

SolarCity Corporation Key Developments

SolarCity Reports Earnings Results for the Fourth Quarter Ended December 2014; Provides Earnings Guidance for the First Quarter of 2015; Plans to Open 35 New Warehouses

SolarCity reported earnings results for the fourth quarter ended December 2014. GAAP net loss expanded to $141.4 million, in the October-to-December quarter, from a loss of $39.8 million. On a share basis, the company reported a GAAP loss of $0.04 per diluted share compared to a GAAP profit of $0.28 per diluted share. Non-GAAP loss per share was $1.47 in the fourth quarter. Fourth quarter revenue was $71.8 million. CapEx was minimal in fourth quarter, but will increase significantly throughout the year as it build out its manufacturing capacity. For the first quarter, the company anticipates non-GAAP loss per share in the range of $1.65 to $1.75. The company is going to be opening up 35 new warehouses. The company is going to be expanding to new markets and new states.

SolarCity Launches Solar Service in Reno, Sparks and Carson City, Nevada

SolarCity is launching its solar service in Reno, Nevada, for the first time. The nation’s #1 rooftop solar power provider can make it possible for many homeowners in Reno, Sparks and Carson City to install solar panels with no upfront cost and pay less for solar electricity than they pay for electricity from their utility company. SolarCity can allow area homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance and monitoring included. SolarCity plans to open a Reno operations center in April, and expects to hire more than 30 local staff in the next few months.

SolarCity Corporation to Report Q4, 2014 Results on Feb 18, 2015

SolarCity Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 18, 2015

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