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发帖数: 29576 | 1 This might be a bigger hit than Tesla for Elon Musk
Can Elon Musk's other big project, SolarCity, transform the power industry
the way Tesla is transforming autos?
The 42-year old engineer and entrepreneur saw two of his publicly traded
companies – Tesla and SolarCity, a company he founded with his cousins, the
Rive brothers – nearly quintuple in price over the last year. While Tesla
seeks to transform automobiles with its high-end electric-powered luxury
vehicles, SolarCity is trying to revolutionize the $5 billion solar industry
with its leasing and energy purchasing model. Consumers lease panels
installed by SolarCity; the company gets a tax credit to go along with the
leasing revenues. In exchange, the customer gets the energy from the panels.
(Read more: Solar power craze on Wall St. propels start-up)
But, like Tesla, SolarCity isn't turning a profit. Over the last four
reported quarters, the company lost $64.7 million dollars. Still, the
company is now worth nearly $5.4 billion and Musk says the stock is
undervalued.
John Stephenson, portfolio manager at First Asset Investment Management,
believes the stock's run is just beginning.
"It's certainly been incredible," says Stephenson. "I think it's going to
continue to brighten up your portfolio and continue to run. I see this stock
being north of $100 a share in over a year and the reason in growth."
Stephenson notes that the company's growth rates exceed its competitors and
he believes the company's leasing model is responsible for $42 per share of
the stock's value. As well, he is a fan of SolarCity's use of asset-backed
notes to lower the company's borrowing costs and growing operating margins.
"Its operating costs have dropped from 80 cents a watt to 60 cents, a
dramatic breakthrough," says Stephenson. "Overall, it's the fastest-growing
solar stock out there and I think that's why it deserves to continue to
trade well."
http://finance.yahoo.com/blogs/talking-numbers/this-might-be-a- |
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