10-05-2016 22:06 via feedproxy.google.com

SolarCity nosedived more than 20% after earnings miss (SCTY)

SolarCity is tumbling after reporting worse than expected earnings Monday. 
The renewable energy firm lost $2.56 a share in the first quarter, worse than the $2.31 per share loss expected by analysts. Revenues did beat, however, with $122.6 million generated against $110 million expected.
Guidance for the second quarter also came in light. SolarCity projects losses for the second quarter of $2.70 to $2.80 a share against expectations of just $2.13.
The company is notable for a few reas
Read more »