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SolarCity Focus on Turning a Profit Making Investors Unhappy

  • Solar installer lost money in all but two quarters since IPO
  • SolarCity cuts 2015 install forecast, sees 2016 growth slowing
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SolarCity Corp. is ready to start behaving like a grown-up, reducing costs and focusing on making a profit. Investors would prefer it continue acting like a teenager.

The biggest U.S. rooftop solar provider, whose largest shareholder is Elon Musk, said Thursday installation growth will slow as it seeks to become cash-flow positive. Instead of lauding the conservative approach from a company that’s been profitable in only two of the 12 quarters since its initial public offering, investors pushed the shares down the most on record.