Report
Andrew Bischof, CFA
EUR 147.86 For Business Accounts Only

SolarCity is having a difficult time getting access to financing.

We are maintaining our $28 per share fair value estimate and $20 per share stand-alone fair value estimate after SolarCity management reported second-quarter earnings and lowered its range of projected installations to 900 MW-1.0 GW. Management previously lowered its installation guidance range to 1.0 GW-1.1 GW. Our 2016 estimate remains at 900 MW, as we previously believed it would be difficult for management to meet its installation targets. We are reaffirming our no-moat and stable moat trend...
Underlying
SolarCity Corp

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA

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