SolarCity Announces First Quarter 2014 Financial Results
Achieved Record Bookings of 136 MW; Increased 2014 Guidance to 500-550 MW Deployed and Established 2015 Guidance of 900-1,000 MW Deployed
SAN MATEO, Calif., May 7, 2014 -- SolarCity (SCTY), a leading provider of distributed clean energy, today announced financial results for the first fiscal quarter ended March 31, 2014.
In the first quarter of 2014, SolarCity achieved the high-end of guidance for both megawatts (MW) deployed and Operating Lease and Solar Energy Systems Incentive Revenue, and set a new quarterly record with 136 MW Booked. We added 17,664 customers—the largest quarterly gain in our history—to end Q1 2014 with over 110,000 customers and remain firmly on track to meet our one million customer target by mid-2018.
- Published: 08 May 2014
- Written by Editor