SolarCity Loss Widens as New Rooftop Installations Surge
This article is for subscribers only.
SolarCity Corp., the biggest U.S. solar company by market value, increased its loss in the second quarter by investing in the installation of 107 megawatts of new rooftop-power plants.
The net loss in the second quarter increased to $47.7 million, or 52 cents a share, from $39.5 million, or 52 cents, a year earlier, San Mateo, California-based SolarCity said today in a statement. Excluding some items, a loss of 96 cents was smaller than the expected loss of 99 cents, the average of 10 estimates compiled by Bloomberg. Sales rose to $61.3 million from $37.9 million.