Solar City Plunges 24%: Q1 Loss Forecast Deeper Than Expected

Tech Trader Daily
By Tiernan RayFeb 9, 2016, 4:20 pm140 pts
Shares of solar energy project contractor Solar City (SCTY), founded by Tesla (TSLA) CEO Elon Musk, are down $2.88, or 11%, at $23.47, in late trading, after the company this afternoon reported Q4 revenue and profit that topped analysts’ expectations, but forecast a deeper-than-expected net loss for…

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